Find Commercial Real Estate Success in Concord NC’s Thriving Economy
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Experience the Many Benefits That Concord Has to Offer
Concord is a busy city with lots going on. Its easy access to the interstates makes it a prime location for a lot of distribution and larger warehouses. And being a high-traffic area that continues to grow, it still has available space open for new builds, too. Other commercial space opportunities here include business parks, office buildings, plenty of flex space, and retail options.
This second-most-populous city in the greater Charlotte region is a great place to live filled with endless opportunities – a community atmosphere, restaurants, shopping, and natural beauty. But its unique experiences also attract visitors from all over.
NASCAR’s Charlotte Motor Speedway located in Concord attracts over 1.5 million visitors annually from all 50 states. Concord is also home to the Concord Regional Airport – which is a well-used airport for NASCAR racing, allowing many of the race teams to fly in and out easily in their own private jets. The airport’s discount airline – Allegiant – is also a great option for travelers who want a lower-cost flight or perhaps don’t want to travel to the Charlotte Douglas International Airport on the other side of Charlotte.
The Concord Mills Mall is another significant attraction for locals and visitors. With an aquarium, a movie theater, and plentiful shopping and dining opportunities, it’s a well-known retail destination.
The Neighborhood of Concord, NC
Once a small farming community, much of the historical charm of this North Carolina community has been preserved in the heart of downtown Concord. This beautiful city is full of economic growth while it distinctively blends industry, business, and residential opportunities. Its central location along I-85 and close to Charlotte’s city center makes travel incredibly convenient for residents and business professionals, as well as for shipping products.
The heart of Concord continues to evolve with the new Downtown Streetscape project – a plan that’s bringing many updates to the downtown streets of the city. When it’s finished, the project will provide larger sidewalks, new landscaping and lighting, designated loading and unloading zones, pedestrian drop-off areas, and more.
The plan aims to add life to the city streets, increase foot traffic, attract new restaurants and especially nightlife, and make use of currently vacant upper units downtown. It will also replace older utility infrastructure and add new apartments and local retail availability.
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Investment Opportunities in Concord
The convenience and available land that Concord offers make it one of the top markets for investing in commercial properties around the greater Charlotte region. The presence of I-85 has caused institutional investment in Concord, with bigger industrial buildings built by out-of-town companies.
In addition, though, the available land in this great location also creates an excellent opportunity for small businesses to build in the local market.
Concord also has a few business parks as well as some individual office and industrial commercial property types. Free-standing retail building options and grocery-anchored retail also tend to be lucrative opportunities in this ever-expanding community.
Both local and national investors continue to take advantage of the rare benefits of Concord and the high-quality listings that this region offers for commercial building and existing real estate options. At Regent Commercial Real Estate, we’re up-to-date on the broad range of investment opportunities around Concord and the greater Charlotte metro area. Whatever your commercial real estate needs, we have the knowledge and expertise to help you find, sell, or lease your ideal property with less hassle.
Office Space in Concord, NC
The office space market in Concord tends to consist mostly of medical office space and smaller private office buildings. With the university neighborhood located close by, most of the bigger office users are setting up shop in that area rather than building in Concord.
In Concord, most available office building options fall into the 1,000-3,000 square foot range, with active office listing opportunities existing in all building classes. Office pricing in this city is generally around $21/sf/yr for leased space or $360/sf for properties up for sale.
Industrial Space in Concord, NC
The presence of the I-485/I-85 corridor makes Concord a well sought-after area for industrial space. Since I-85 runs all the way from Washington D.C. to Alabama, this major transportation interstate provides lots of opportunities for distribution companies in Concord. Because of this, there’s a significant market for bigger warehouse and industrial commercial real estate listings in this area of Charlotte.
Various commercial building options here range in size significantly from 700 square foot garages to 250,000 square foot buildings. Rent opportunities in this region are priced at around $12/sf/yr, while properties sell for an average of $144/sf.
Warehouse Space in Concord, NC
Warehouse space is also plentiful in Concord and creates an excellent investment opportunity due to the easy access to the interstates that this convenient location provides. Warehouses in Concord range in lease rate depending on factors such as square footage, building class, parking lot space, and other features. While current pricing can run anywhere from $5/sf/yr to $22/sf/yr, most average at around $13/sf/yr. Warehouses that are for sale in this neighborhood are typically priced around $127/sf.
Flex Space in Concord, NC
Because of the amount of available land in Concord, this city has a good bit of flex space available. In fact, this market is one of the more popular areas for flex properties in all of metro Charlotte.
While available land is a big factor in the available space, the close access to the I-485/I-85 corridor is also ideal for flex users. Since many are service-oriented businesses, the quick drive to the interstate means that flex users can get to a wide range of customers quickly.
Lease rates for flex in this area average at $13/sf/yr.
Retail Space in Concord, NC
While most of the retail in Concord tends to be grocery-anchored retail and other neighborhood-based retail, the Concord Mills Mall is a big destination retail spot in this city, with many shoppers traveling to visit the mall. The Concord Mills Mall is over 1 million square feet with over 200 stores inside. It attracts over 17 million visitors per year.
With a variety of retail available in this area, properties for lease average at around $20/sf/yr, while properties for sale are around $590/sf.
Whether you’re looking for a 1000 sf retail space or a larger property, our team at Regent CRE is ready to help you find your ideal retail home.
Industrial Outdoor Storage (IOS) Space in Concord, NC
Industrial outdoor storage (IOS) is a very popular commercial real estate choice for businesses that don’t need large buildings, but who want to store vehicles, materials, or equipment outside. Building supply houses, equipment rental companies, truck parking facilities, and trash storage are just a few examples of the types of companies searching for IOS space.
Although more and more businesses are on the lookout for this type of option, it’s not always easy to come by. Most IOS lots are at least an acre and have just a small building on them. Understandably, it takes enough available land to have these types of properties around. Thankfully, Concord has the available land that IOS commercial space takes.
Not only does IOS need land, but because most of these businesses are in the industrial sphere, they also like to be close to highways. Concord’s close proximity to I-485 and I-85 is another reason why it’s a perfect location for your next industrial outdoor storage investment.
Case Study – Finding Our Clients Their Ideal Flex Home
The Concord Motorsports Industrial Park is a business park in Concord with a high concentration of flex space. As home to the Concord Motor Speedway, Concord also has many racing-related offices and industrial spaces, and many find their home right here in the park.
This park benefits from having various unit sizes, mostly ranging from 5,000 to 15,000 square feet.
As one of the top flex locations in Concord, we’ve been able to help a number of our clients find their new business location home in this convenient and quality industrial park.
When working with a client to locate their perfect space, our process includes much more than just sending a list of all of the options on the market. After talking with you to truly understand your needs, a detailed market report helps us to hone in on the properties that might best fit your qualifications.
We understand that, as a business owner, you have a lot on your plate. We want to make your search as simplified yet comprehensive as possible by understanding your business goals right from the start.
Your Neighbors in Concord, North Carolina
Who are your neighbors in the bustling city of Concord? Concord is home to bigger corporations (many who support NASCAR), distribution companies, and a good mix of small businesses, too. Check out a few of the top businesses around your new commercial home.
- Charlotte Motor Speedway
- Cabarrus Arena & Events Center
- Concord Regional Airport
- Cardinal Logistics Management
- Westrock Coffee Company
- RFK Racing
- Carolina Tree Care
- Gateway Surgery Center
FAQs About the Concord, NC
What is Concord, NC known for?
Concord is especially popular for being home to NASCAR's Charlotte Motor Speedway, which brings in 1.5 million visitors per year.
Besides the speedway, Concord has a few other noteworthy attractions, such as the Concord Regional Airport and the Concord Mills Mall.
These significant landmarks, along with other popular activities, such as Great Wolf Lodge, xMax Dragway, and a variety of other dining and entertainment options, make Concord an irresistible place to be for visitors and residents alike.
What types of commercial real estate are available in Concord, NC?
Concord has available real estate properties in every major sphere of commercial real estate. Whether you’re looking for office, industrial, warehouse, flex, retail, or industrial outdoor storage (IOS), it’s worth exploring the lease and sale opportunities that Conrod has to offer.
Is Concord, NC affordable?
A 2024 survey found that the cost of buying a home in Concord is more than $11,000 lower than the national average. Compared to other metro cities, Concord is a more affordable place to live than many.
Concord has a thriving job market, which, paired with the affordable cost of living, contributes to the success of its residents. Concord has a higher median income and a lower unemployment rate than the national averages.
Is Concord, NC a good place to start a business?
Concord’s network of resources for business assistance highlights the city’s desire to help businesses thrive.
On a larger scale, the state of North Carolina offers the “lowest corporate income tax in the U.S. along with a favorable legal and regulatory climate, low business costs and qualified talent.”
The state has earned a number of accolades and awards in recent years for its positive business climate.
What is the population of Concord, NC?
As of 2024, the city of Concord has a population of 113,371. Concord is currently growing at a rate of 1.58% annually. The median age in Concord is 37.3 years.
Concord’s increasing population and thriving economy make it an excellent place to live and work. With its friendly community, beautiful parks, suburban feel, and top-notch schools, Concord attracts both families and young professionals alike.
Tap Into Regent CRE’s Commercial Real Estate Expertise
At Regent Commercial Real Estate, we have the experience, knowledge, and network of connections to make your commercial real estate buying experience as seamless and hassle-free as possible. But what sets us apart is not just our prestigious real estate credentials or our nearly 1000 transactions closed, but our genuine interest in the needs of our clients. Throughout the commercial real estate transaction process, it’s our priority to truly understand your needs so that we can help you find, negotiate, and close on the ideal space for your long-term business goals.
As a CCIM– and SIOR-designated commercial real estate broker, Brian Smith provides unmatched expertise, whether you’re looking to buy, sell, lease, or invest.
Choose Regent Commercial Real Estate as your local experts for your next Charlotte commercial property. Contact us today to find out how we can help in your real estate journey.
