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40 Under 40
May 8, 2009
Charlotte Business Journal
Charlotte landlords aren’t bending over backward just yet, but some are becoming more flexible. In a real estate market where supply is up and demand is down, some property owners are looking for ways to market space to companies wary of being tied down to a long-term lease…According to Karnes Research Co., the Charlotte market’s office vacancy rate increased to 13.9% in the first quarter, up from 13.4% at the end of 2008. The average asking rental rate in the market dipped slightly to $22.34 per square foot from $22.38 per square foot at year end…
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