Uptown Charlotte Among America’s Hottest Neighborhoods for Construction

A new study by RentCafe breaks down top neighborhoods for apartment construction over the past 5 years.

They found that downtowns and hyper-urban locations were the most active construction sites, and Uptown Charlotte was one of them.

Here are some data points:

• Uptown Charlotte built almost 3K new apartments in the past 5 years, placing the neighborhood in 17^th place nationwide in a list topped by Downtown LA.
• Moreover, a focus on Charlotte reveals that Uptown’s deliveries represent 11% of the total number of new apartments that opened in the city since 2017.
• Other busy neighborhoods in Queen City in the past 5 years were Dilworth and Optimist Park, each opening 1,4K new apartments.
• Ashley Park and Madison Park also contributed with 1K units each.

Here is a link to our study: https://www.rentcafe.com/blog/rental-market/market-snapshots/top-apartment-crazed-neighborhoods/

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