Maximize Your Commercial Real Estate Investment in Matthews, NC

First called Stumptown (for its many tree stumps), then Fullwood, the history of Matthews includes the sawmill, cotton, and timber industry, which helped this area turn into a true town. Prior to 1874, this area was a stagecoach stop between Charlotte and Monroe. In 1879, it was renamed Matthews after Edward Matthews, director of the Central Carolina Railroad.

The downtown Matthews area is still characterized by its historic feel, as many of the buildings have been preserved and are now used as offices, restaurants, and retail spaces. As you explore the heart of Matthews, you can’t help but appreciate the historic presence of this beautiful town while walking by the old-fashioned hardware store, history museum, and other unique buildings.

In downtown Matthews, residents also enjoy the Matthews Farmers Market, community festivals, and much more. The surrounding areas of Matthews are also well-known for their wildlife, parks, and natural beauty. The town is actually a Certified Wildlife Habitat, and is filled with many parks including Stumptown Park, Matthews Greenway, and Squirrel Lake Park.

Towns nearest to Matthews include Stallings, Mint Hill, and Indian Trail.

For those looking for commercial real estate listings, it’s no wonder why the town of Matthews attracts so many residents and business owners.

The Matthews business properties feature office space that’s mostly smaller buildings servicing the local population. There aren’t a lot of large office complexes in this neighborhood. Averaging around $23/sf/yr, office space for lease in Matthews is fairly affordable and mostly falls into Class B and Class C property categories. For sale properties in this area fall around $206/sf.

A main perk of working in the Matthews area is the convenient access to the metro area as well as to the airport. Many people enjoy working in Matthews and experiencing the smaller-town, suburban feel while also still being able to easily access the many highways and interstates around Charlotte.

The warehouse market in Matthews is more of an owner-occupied market as opposed to a leasing warehouse market. Warehousing is less predominant here than in other Charlotte neighborhoods. While there are a few larger warehouses (for example, the Harris Teeter distribution center), most are smaller and are owned by the businesses that occupy them.

The convenient access to Highway 74 and I-485 does make this an easy location for warehouses to transport product in and out when needed.

The sale price for your average warehouse space in Matthews tends to fall around $171/sf. Lease rates for warehouse properties in this neighborhood affordably average around $13/sf/yr.

Most of the retail space in Matthews services the local population. Around this neighborhood, you’ll find a lot of grocery anchored retail and other retail strip centers, as well as a number of car lots. Independence Boulevard is especially popular for used car lots, including Select Auto of Charlotte, Auto Finance Center, City Imports Inc., Driveway Motors, and others. Independence Boulevard runs all the way from Uptown to Fayetteville, NC, making it a popular road for retail traffic. Tesla, Audi, Chevrolet, Volkswagen, and Volvo also have dealerships in this area.

Because Matthews is a higher income area, it’s a good place for retail success. There are a number of nicer shops and stores catering to a slightly higher-income local population in this neighborhood. Retail real estate for lease in Matthews tends to run around $25/sf/yr, while properties for sale average around $508/sf.

Sometimes the commercial space you have works, but it’s not truly benefitting your business as much as it could be. This was the case for a recent client of ours in Matthews. Their company was cobbled together in an office building where their workspace was sprawled out onto two different floors. While it was working for everyday tasks, it didn’t lend to easy collaboration, since the employees were frustratingly dispersed from one another.

This group came to us to help them find an office option that would allow them to increase the quality of their work environment as well as have the ability to work more closely together as a team.

After sitting down to talk about their goals and frustrations with their current situation, we were able to locate another building nearby in Matthews that allowed them to expand into a 13,000 square foot office space – all on one floor. This location in the McAlpine Business Park gave them the opportunity to work together in one single, larger space where the team didn’t have to be scattered around in different parts of the building. It also gave them more room and a better quality work environment. In addition, they only had to move just a few miles from their original location, which made it an easy transition for employees who hardly had to alter their commute time or route.

The best part of this transition for this business group was that the consolidation and expansion effort to a new, larger space didn’t also come with a hefty price tag. Using our Charlotte area connections and comprehensive search database tools, we were able to secure this more ideal space for our client – a better quality option – at a similar price to the space they were originally leasing.

A better work environment streamlines tasks, meetings, and communication, as well as improving the quality of the work week and company morale. If your current space isn’t doing your business any favors, we’d be honored to help you find a better option.