Find Opportune Industrial Properties Around Charlotte North’s I-85 and I-77 Corridor
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Case Study – Expanding Doesn’t Have to Be Inconvenient
Your Neighbors in the Charlotte North Neighborhood
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While “Charlotte North” (sometimes referred to as the North Submarket) isn’t an official neighborhood, this busy location is well known by Charlotte residents and businesses as a prime industrial passage. With I-85 and I-77 intersecting just 3.5 miles north of the Uptown Charlotte area, this region is ideal for industrial commercial properties.
Interstate 85 runs over 600 miles from Petersburg, Virginia to Montgomery, Alabama. And Interstate 77 is also over 600 miles in length, running north and south from Cleveland, Ohio to Columbia, South Carolina. These interstates connect to a number of other interstates to provide access all over the country. The accessibility of the Charlotte North corridor has made this a highly-sought-after location for those wanting to find high-quality listings with maximum interstate convenience, right inside of the Queen City. And even though this prime location offers interstate advantages in the largest city in North Carolina, the average cost of commercial space in this community is generally not astronomical.
The Charlotte North Neighborhood
While the Charlotte North, I-77/I-85 corridor of North Carolina is best known for industrial space and warehouse space, there are also a handful of other commercial property types in the area, including office, flex, and retail spaces. Since there are less residential properties here than in other neighborhoods around Charlotte, most of the retail opportunities include popular businesses such as McDonald’s, Food Lion, Aldi, gas stations, and other convenient dining options. There are a handful of churches, schools, and other accessible local businesses in the area as well.
Perhaps surprisingly, even though it’s a humming industrial area with busy highways, there’s still green space in this part of beautiful Charlotte, NC. The Ribbonwalk Nature Preserve (a 188 acre urban forest), Sunset Hills Golf Course, and other smaller parks and green spaces make this area feel a bit less urban than the busier neighborhoods closer to the center of the city. There’s also a bit of commercial land still available for building.
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Investment Opportunities in the Charlotte North Neighborhood
The commercial real estate market around the Charlotte North neighborhood is one of the top markets for industrial space within close proximity of central Charlotte. Although there is some green space, a lot of the land around the I-77/I-85 corridor has already been built on. There are a few opportunities for building a new location around this area. However, most of the investment opportunities here include buying the existing buildings.
While industrial and warehouse space are the most commonly available types of real estate in this market, there’s a little bit of everything in this convenient neighborhood.
No matter what type of space you’re searching for, our team at Regent Commercial Real Estate is here to make the process easy. With over 1000 successful lease and sale transactions under our belt and 10+ years in the Charlotte metro area, we understand the ins and outs of both commercial real estate in general and the local market. We’ll help you find the best property for your needs, so you can focus on your business.
Office Space in the Charlotte North Neighborhood of North Carolina
While the office building options in this location aren’t as prolific as other Charlotte neighborhoods, there are opportunities to find empty office space both for sale and for lease in this area. Whether you’re looking for a newer office suite with multiple floors or a smaller, 1,000 square foot building, the range of different types of office properties here provide a few options for almost everyone. While most of the office buildings here fall into Class A or Class B, there are generally some opportunities in every building class that are available around Charlotte North.
Most office properties in this area range between 1,000 and 3,000 square feet. The average cost is $25/sf/yr for rental buildings and $321/sf for offices for sale.
Industrial Space in the Charlotte North Neighborhood of North Carolina
The Charlotte North industrial hub has plenty of options for virtually all types of industrial space – including distribution, manufacturing, and warehousing. As previously mentioned, this location is ideal for transporting product in and out along the busy interstates and for easy access for both distribution trucks and employees.
Industrial spaces in this area are comparable to many other Charlotte neighborhoods. Rental properties generally cost about $14/sf/yr, while industrial properties for sale in this neighborhood typically run around $282/sf.
Warehouse Space in the Charlotte North Neighborhood of North Carolina
There are a variety of warehouse space options available in the North Submarket. Most of these properties are available for lease, although there are a few options available for sale, as well. Some of the most popular areas for warehouse space in this district are Statesville Road, Bailey Road, and Reames Road. Warehouse options in this location include everything from smaller, 1,000-2,000 square foot buildings all the way up to 26,000 square foot properties.
The average cost of warehouse properties in Charlotte North is typically around $19/sf/yr for buildings for lease, and $204/sf for warehouse properties for sale.
Flex Space in the Charlotte North Neighborhood of North Carolina
Charlotte North is a good location for flex space due to the close proximity of the interstates and the level of accessibility to a wide client base. There are a variety of flex properties here, offering a helpful combination of office and warehouse space. The Atando Business Park is one of the more popular flex parks in the area.
Flex properties for lease in this area are generally around $15/sf/yr, while properties for sale fall around $473/sf.
Retail Space in the Charlotte North Neighborhood of North Carolina
Retail space is less popular in the North Submarket, since there’s a lot more industrial usage in this area than residential living. It’s certainly not a destination shopping center neighborhood. However, there are a handful of retail options available to the residents of Charlotte North which also cater to the industrial workers who are in the area each day.
Pricing for retail space in this neighborhood averages around $27/sf/yr for buildings for lease, and $600/sf for buildings for sale.
Industrial Outdoor Storage (IOS) Space in the Charlotte North Neighborhood of North Carolina
This neighborhood can actually be an excellent spot for finding industrial outdoor storage (IOS) space near Charlotte. IOS users often transport a significant amount of product in and out, so having a property right on I-77 and I-85 is ideal. We’ve worked with a number of clients to find industrial outdoor storage properties in the Charlotte North submarket.
Because of the convenience of this area and the somewhat limited amount of acreage, the cost of IOS space tends to be higher in this market than in some other neighborhoods around Metrolina.
Case Study – Expanding Doesn’t Have to Be Inconvenient
The need for growth and expansion doesn’t necessarily require a company to completely relocate to another neighborhood. And this was the case for one of our recent clients, who was able to expand their business while still enjoying the convenience and access of their business home in Charlotte North.
Our client worked in a specialized niche, selling gear bags and emergency equipment to medical providers, such as hospitals and ambulances (an important job!). This medical distribution company employed about 15 people, and soon needed to expand out of their existing, 20,000 square foot warehouse space.
We were honored to be able to work with them to find another similar space that fit their needs, but provided a lot more square footage for housing and distributing their products. After walking through our step-by-step process with them to understand their needs and find a list of available properties that fit, they settled on a 50,000 square foot warehouse distribution building not far away from their current location. We finished out the process with due diligence, expert negotiation, and walking through the closing documents together.
Our client is thriving in their new building with plenty of space to continue serving their customers!
Your Neighbors in Charlotte North, NC
With the exception of a bit of retail and office space, most of your neighbors in the Charlotte North area will consist of distribution companies and other businesses using industrial and flex space. Here are a few of the businesses that will surround you in your new commercial real estate home:
- Schneider Trucking Company
- Falcone Crawl Space & Structural Repair
- Senox Corporation
- Carolina Auto Electric
- IAA Charlotte
- Saia LTL Freight
- Central Transport
- TCW Charlotte
- And many more
FAQs About Charlotte North in North Carolina
Is Charlotte North a city?
Charlotte North is not a city and doesn’t have official boundaries. We refer to “Charlotte North” as the area where I-85 and I-77 meet, about 3.5 miles north of Uptown.
This busy corridor is a hub for industrial real estate as well as some retail and residential properties.
What are the benefits of starting a business in North Charlotte?
The North Charlotte area, where I-85 and I-77 intersect, is a key industrial passage, offering industrial businesses access to big cities all over the country. With each of these interstates running over 600 miles in length, businesses that are centrally located in this strategic territory can easily send and receive product from large metropolises in many different directions.
While this prime location is especially prized for its industrial advantages, the significant amount of industry and employment in this segment of Charlotte also makes it an excellent location for convenient retail and dining options to thrive.
What states does I-77 go through?
I-77 is a north-south interstate that travels through Ohio, West Virginia, Virginia, North Carolina, and South Carolina.
What states does I-85 go through?
I-85 travels through Alabama, Georgia, South Carolina, North Carolina, and Virginia.
How much does real estate cost in Charlotte North?
Charlotte North - where I-77 and I-85 intersect - has commercial real estate available in nearly every category, with industrial, warehouse, and flex being the most affordable.
The average cost of commercial real estate in this neighborhood is $20/sf/yr for properties for lease, or $376/sf for properties for sale.
Office and retail tend to be on the higher end of the price scale. Of course, the cost of each property can vary significantly based on factors such as location, building class, and square footage.
Expert Commercial Real Estate Solutions In Charlotte and Beyond
Whether your goal is to lease, buy, or sell, our team at Regent Commercial Real Estate is on the cutting edge of commercial real estate trends and opportunities in the greater Charlotte area. We’re committed to providing our clients with the highest level of knowledge and proficiency as we expertly guide you through the commercial real estate process.
With CCIM and SIOR designations, lead broker Brian Smith offers an unmatched capacity to meet and exceed the commercial real estate needs of clients in every sphere of commercial property. The way that a real estate transaction is handled can contribute to increasing success for your business for years to come, or can create headache after headache.
With prestigious real estate credentials earned from elite knowledge and experience, a vast network of resources throughout metro Charlotte, and an unwavering commitment to client success, Brian Smith and the rest of the Regent CRE team offer the highest level of service.
Browse our commercial real estate services, or contact us today to find out how we can contribute to the success of your next real estate endeavor.
