By: Brittany Carleton, Marketing
On Thursday, January 11, over 300 commercial real estate and business professionals joined at the Ritz-Carlton in Uptown Charlotte to talk about real estate trends and the market outlook for the coming year. At the event, co-sponsored by Cushman & Wakefield and Katten Muchin Rosenman, Revathi Greenwood, Cushman & Wakefield’s Head of America’s Research, delivered the keynote address. Greenwood gave her insights and research-backed opinions on Charlotte’s current market state, which she described as a “Goldilocks economy” – as in, not too hot, not too cold. She indicated the city will likely to not see another recession for at least the next two to three years.
Greenwood’s overall prediction for the Charlotte market was that it will outperform this coming year, however a few challenges will be present like millennial wages needing to keep up with the current apartment boom and rising rental rates, as well as office space developers adapting to the shrinking amount of space tenants are demanding.
Following Greenwood’s keynote address, she joined a panel of speakers consisting of Marc Robinson, Vice Chair of Cushman & Wakefield’s Southeast Multifamily Advisory Group, and John “Johno” Harris, President of Lincoln Harris. The panel answered high-level questions on tax reform and interest rates, as well as recent city council elections, Charlotte development, multifamily saturation and general commercial real estate market trends.
As feedback continues to roll in, it can certainly be said that the event was a huge success, thanks in large part to Revathi’s insights and the growing Charlotte economy giving us lots to talk about.
As the Graphic Designer, Brittany provides marketing support for the office brokers, tenant reps and leasing team. Her background in marketing and design allows her to assist with producing complex commercial real estate business development materials and tools including interactive proposals, offering memorandums, and email campaigns.