Commercial Real Estate Ballantyne, North Carolina
The Ballantyne neighborhood of North Carolina rests in Mecklenburg County on the south side of the Charlotte area. This thriving suburb has an interesting history. Once a cow pasture, Ballantyne was developed by a gentleman named Smoky Bissell, who had the idea in the ’80s and ’90s to begin developing a Class A office park. Now, Ballantyne is filled with plenty of Class A traditional office and medical office space, hotels, dining experiences, parks, and more.
Commercial real estate in Ballantyne, NC has come a long way from its cow pasture days!
In 1992, Smoky and his cousin, Johnny Harris, developed Ballantyne Corporate Park. This was right around the time that the I-485 ring road was being built around the city, and the office market was very hot. The original vision for Ballantyne was to be a live-work-play type of environment. It had housing for all different income types.
Years later, Ballantyne is still a thriving community that continues to grow and evolve. Whether you’re looking for top-notch office space or retail real estate in the neighborhood of Ballantyne, our experienced team at Regent CRE is here to meet your commercial real estate needs. We’ve closed nearly 1000 successful sales and lease transactions in the greater Charlotte area, and stand out from the crowd with our commitment to our clients’ success.
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Ballantyne Opportunities:
- Investment
- Office Space
- Industrial Space
- Warehouse Space
- Flex Space
- Retail Space
- Industrial Outdoor Storage (IOS) Space
Your Neighbors in Ballantyne, NC
Explore Commercial Real Estate in Ballantyne, NC
Ballantyne, NC is a border town that presents the perfect opportunity for businesses looking to expand and purchase or lease commercial real estate. Commercial real estate in Ballantyne is just a short drive from downtown Charlotte and its many suburbs, making it a great location to open shop or expand your current business. Commercial property types in this search area mainly consist of office and retail options.
After the Bissell family sold out of the Ballantyne Corporate Park a few years ago, a new developer called Northwood Office purchased the property. Northwood is now working hard in an effort to rebrand and expand this corporate park area. Currently, it’s predominantly Class A office buildings, with a mix of medical offices and traditional office space.
Toringdon Office Park lies just across the way, on the other side of I-485. This is another Class A office park that competes with Ballantyne, but in general, Ballantyne is nicer and more desirable than Toringdon.
Another nearby office submarket is Pineville, which also tends to get somewhat cannibalized by Ballantyne. Because Ballantyne is really the high water mark for office rates, Pineville’s rates have to be lower, because generally, it’s less desirable. Ballantyne tends to steal Pineville’s thunder, and stands out from other nearby markets as well.
It’s also become a favorite spot for corporate relocations (groups that need large, 200,000+ square foot spaces), because of the amenities and the live-work-play lifestyle that the area has to offer.
The Neighborhood of Ballantyne, North Carolina
More than just office and retail, though, this Charlotte neighborhood is home to the Ballantyne Country Club, a top-notch golf course, as well as a myriad of different housing types. From apartment communities to $800,000+ homes, this area holds a diverse number of options for living. And as you press out into Indian Land and Fort Mill, you’ll find even more affordable housing options.
This evolving community is also full of exciting activities, miles of walking paths, an amphitheater and other live music experiences, and numerous shopping and dining options. It’s an excellent place to be planted for both family life and young professionals.
Currently, the Ballantyne Reimagined project is busy with new developments, working to make this city a more urban place. The Bowl at Ballantyne, a retail and dining destination, is one of the big projects in the works in this exciting area.
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Investment Opportunities in Ballantyne
Ballantyne stands with Uptown Charlotte and South End as one of the top 3 areas for office space in the Charlotte metro region. Its Class A buildings and excellent living community truly make it one of the top markets for office space in the greater Charlotte area. For investors who can get their hands on this highly-valued market of office real estate, you won’t have to worry about keeping your real estate property occupied.
In addition to office opportunities, the heart of Ballantyne also has many retail real estate options that support the thriving community in this neighborhood. If you’re looking to invest in shopping or dining space with plenty of foot traffic, the Ballantyne neighborhood is an excellent option to consider.
Office Space in Ballantyne
Although the price and quality of office space here is comparable to Uptown and South End, the area does have some of its own unique trademarks. This thriving center for office space is a bit more suburban than the neighborhoods closer to the heart of Charlotte, so you won’t see as many tall buildings or high ceilings in this area. Medical providers also tend to be drawn more toward Ballantyne because of the strong presence of medical office real estate here.
Office rentals tend to cost around $34/sf/yr in this growing, urban city.
With so many established office spaces built in the Ballantyne area, you have plenty of options to choose from. To find the best office space in Ballantyne that fits all your needs, work with commercial real estate experts who understand the area better than anyone. Our team at Regent Commercial Real Estate is committed to a deep understanding of our clients’ goals in order to provide customized solutions for your real estate needs.
Industrial Space in Ballantyne
Ballantyne is much more of a business area than an industrial area. In fact, in this neighborhood, industrial space is pretty much non-existent. The most popular places for tenants looking for industrial space near this area include Pineville, Indian Land, and Fort Mill.
Warehouse Space in Ballantyne
Like general industrial space, warehouse space is hard to find in Ballantyne. Warehouse tenants also travel to nearby areas like Pineville, Indian Land, Fort Mill, or Matthews Trail to find available work space.
Flex Space in Ballantyne
The white collar work environment of Ballantyne doesn’t necessarily lend to flex space. Office workers in this neighborhood don’t need the attached warehouses that most flex opportunities provide. Because of this, flex space is better found in other parts of the Charlotte metro community.
Retail Space in Ballantyne
Ballantyne is affluent and fast-growing, making it perhaps one of the top spots in the area to consider opening a retail space. Whether you’re looking to purchase or lease a retail space in an up-and-coming shopping district or an established area with tons of foot traffic, Regent Commercial Real Estate can help you find the perfect fit.
Although Ballantyne isn’t necessarily a destination retail spot, it does have a lot of Class A retail buildings as well as dining options that serve the population of this more affluent area. As a walkable community, there are plenty of high-quality listings for businesses who want retail space in a maximum-traffic area.
Ballantyne Village is a high-end shopping center that caters to the local population. It has all sorts of dining, shops, boutiques, and events for the local community to enjoy. The easy access to this shopping center and other retail opportunities truly make Ballantyne a place where residents can live, work, shop, dine, and play.
Industrial Outdoor Storage (IOS) Space in Ballantyne
Industrial outdoor storage space takes up too much room to be profitable in an area like Ballantyne. The property size of most IOS spaces are at least an acre or more, which means that it’s generally pushed out to more rural areas.
With all of the retail, office, and suburban living taking place in Ballantyne, there just isn’t room for industrial outdoor storage real estate here.
Your Neighbors in Ballantyne, NC
Who else is planted in the urban district of Ballantyne? Meet some of your new neighbors in the area:
- MetLife
- SPX Flow
- Bank of America and Wells Fargo
- St. Matthew Catholic Church
Unmatched Ballantyne Commercial Real Estate Experience
When you choose Regent CRE as your commercial real estate listing source, you’re partnering with the region’s commercial real estate experts. We offer commercial purchase and leasing options throughout the Ballantyne neighborhood, and we’ll work with you to find the ideal space for all your needs.
Whether your goal is to lease or purchase a commercial space, our top-notch commercial real estate agents will be right by you every step of the way as we come up with solutions for your unique needs.
FAQs About the Ballantyne, NC Neighborhood Near Charlotte
What type of commercial property is in Ballantyne?
Ballantyne is very well known for office and retail space. Although Uptown, South End, and Ballantyne are the top three neighborhoods for Class A office space around metro Charlotte, Ballantyne tends to be more suburban and affluent, with fewer high-rise buildings and more medical offices.
Is commercial real estate cheap in Ballantyne, NC?
Commercial real estate in Ballantyne is comparable to other nearby Charlotte cities. The cost of living here is slightly higher than the national average, which makes sense for its affluent, suburban atmosphere.Â
Commercial office space in this neighborhood averages around $34/sf/yr.
Is Ballantyne a suburb of Charlotte?
Yes, Ballantyne is a Charlotte suburb, located about 20 miles south of Uptown. This suburban area of metro Charlotte is its own city with shopping, dining, and residential opportunities. At the same time, it offers all the benefits of being only minutes away from the city center.
Working With Regent CRE
If you’re ready to find commercial real estate in the Charlotte, NC area, then the first step is to get connected with an industry expert.
Brian Smith, SIOR, is the Principal Broker of Regent CRE and brings his years of experience and industry knowledge to every negotiation and deal. Whether you’re looking to buy, lease, or sell commercial properties, Regent CRE can help.
Find out what our clients have to say about our commercial real estate services, or contact us today to get started on your search for your perfect property.
