What's on deck for Charlotte's apartment market amid the Covid-19 pandemic


The Charlotte Business Journal (June 9, 2020) -- The Charlotte metro’s apartment inventory has grown during the past decade at a faster clip than any other major U.S. market, but the Covid-19 pandemic is likely to put a damper on demand in the near term.

That was one topic addressed during a recent webcast by RealPage Inc. (NASDAQ: RP), a Texas-based real estate analytics firm, which provided an update on Charlotte's apartment market. RealPage's chief economist, Greg Willett, and market analyst, Adam Couch, led the market update. 

During the presentation, Willett said there have been more than 55,200 apartments completed in the Charlotte metro since early 2010. That number represents inventory growth over the past 10 years of nearly 34%, a percentage that is the largest of the nation's major markets in this current cycle.

Read more at: The Charlotte Business Journal