Find Your Next Commercial Property in NoDa Charlotte’s Artistic Community
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Discover the Trendy and Artistic Neighborhood of NoDa, Charlotte
As you walk the streets of NoDa, you’ll find art in every corner of the city. From modern NoDa homes to converted retail properties to eye-catching murals, this trendy neighborhood is a truly captivating place filled with vibrancy and creativity. Whether visiting the many small businesses around town, enjoying some live music by local artists, or grabbing a baguette at a local French bakery, both families and young professionals enjoy the many activities and artistic opportunities that the NoDa neighborhood of Charlotte has to offer.
NoDa used to be a textile community. It began development in 1903 and became a popular place for blue collar workers due to the many textile mills nearby. However, by the 1970s, all of the mills were sold, and the population of NoDa started to decline.
This resilient area made a comeback in the 1990s, when it began developing into the eclectic, artistic neighborhood that it is today. The new life that was brought to this area of Charlotte continues to grow and evolve as more people choose the unique and diverse culture that NoDa offers when choosing their NC home.
Recent developments include retail properties as well as apartment complexes. The light rail, which runs through the city, is a unique benefit to the residents of NoDa. It runs from the university city area by UNCC all the way down to Pineville on the border of South Carolina. The easy access that the light rail provides has given opportunity to many of the new developments (both commercial and residential) that are taking place in NoDa.
The NoDa Neighborhood of Charlotte, NC
The old rail yard in NoDa is a sizable part of the city, and transformations are coming. What used to be a big legacy rail yard many years ago has now been replaced with other forms of transportation. While the rail yard is no longer in use, it’s taking up a lot of space that could be used as valuable real estate. As the property in NoDa has become more valuable, people are realizing that there are better ways to use this potentially high quality area.
In the last few years, there was talk about using the space around the rail yard for a 220-acre park, somewhat inspired by New York City’s Central Park. This would offer more green space and recreation opportunities in the city. Now, folks are pushing for a new plan, to put a 37-acre park between 36th Street and Matheson Avenue instead.
While the final decision isn’t yet clear, what is clear is that continued change and innovation are coming in the NoDa neighborhood.
Another newer development is the open-air, purple and yellow passenger train car that recently was placed along the railway. The Aberdeen Carolina & Western Railway Company (ACWR) has plans to use this car as a trendy social space.
Nearby Cities and Neighborhoods
NoDa is just one neighborhood submarket of the metro Charlotte neighborhood. Not sure NoDa is the right place for you? These nearby Charlotte metro neighborhoods might also be worth checking out.
- Sugar Creek
- Myers Park
- South End
- Wesley Heights
- Enderly Park
- Barclay Downs
And if you’re not sure where you want to plant your new business location, our experienced team at Regent Commercial Real Estate is here to help. With over 10 years of experience in the metro Charlotte area, we understand the pros and cons of each neighborhood and what they have to offer. We’re committed to getting to know your business needs and goals so that together, we can create a plan for your commercial real estate success.
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Investment Opportunities in the NoDa Neighborhood
The main investment opportunities for commercial property in NoDa are the older warehouses that exist in this neighborhood. Many of these aged, Class C warehouses are being redeveloped and converted into quality properties with different uses. From wedding venues to retail stores, restaurants, and bars, there are numerous uses for the warehouse real estate listings that are available in NoDa.
Another one of the bigger investment opportunities right now is new apartment buildings. Currently, there’s a lot of apartment construction along the light rail line.
If you’re searching for the real estate investment that best fits your business goals, we understand the landscape of NoDa and are here to help.
Office Space in the Charlotte NoDa Neighborhood
Most of the office listings in NoDa tend to be smaller buildings. Many of these are more modern spaces and have good exposure along the busy streets of the neighborhood. Many office workers enjoy being in the center of the action in the trendy NoDa area. Current listings in this area average around $32/sf/yr.
One of the biggest office developments in the wider NoDa area is a 76-acre space called Camp North End. This project took over about a million square feet of old warehouse space and converted it into a trendy retail office space. This eye-catching development has attracted a lot of attention from bigger, Fortune 500 companies looking for a more creative-type space.
With outdoor patios, ample daylight, direct access, improved air quality, and other features, Camp North End is dedicated to “optimizing occupant health through design”. The space is full of public art and other inspiring aspects that promote creativity and collaboration for the many businesses that work inside of it.
From startups, artists, and chefs to Fortune 500 companies to retail, Camp North End attracts a variety of businesses and creatives who choose to work in this innovative location.
Industrial Space in the Charlotte NoDa Neighborhood
While there are some industrial buildings in NoDa, most are rapidly being converted into other uses. Many of these older industrial buildings are being turned into retail, restaurants, and breweries, and some are even being demolished for multi-family housing.
The industrial properties that still exist here are mostly Class C buildings under 10,000 square feet. Most are at least a few decades old. Pricing for these buildings averages around $16/sf/yr for properties for lease and $244/sf for properties for sale.
Warehouse Space in the Charlotte NoDa Neighborhood
Like industrial space, most of the warehouse space in NoDa has already been converted into other types of buildings through adaptive reuse. Breweries, bars, and retail stores are common uses for these older warehouse spaces. Of the few warehouse spaces that still exist in NoDa and its surrounding neighborhoods, the lease rate tends to average around $14/sf/yr.
Flex Space in the Charlotte NoDa Neighborhood
While there are a few flex properties in NoDa, most have been converted as well. Office, restaurant, retail, and residential are a lot more popular than flex in this neighborhood. The few properties that are still available here lease for around $16/sf/yr and sell for around $283/sf.
Retail Space in the Charlotte NoDa Neighborhood
NoDa is a more popular area for retail space. Of the retail here, though, most tend to be more entertainment retail. Breweries, bars, art galleries, and music scenes are popular in this artistic neighborhood. Being right on the light rail, NoDa tends to attract a younger crowd more than families with kids (although there are families who live in this area). These types of entertainment retail spaces lend well to the younger crowd that calls NoDa home.
The retail properties for lease in NoDa tend to average around $26/sf/yr.
Industrial Outdoor Storage (IOS) Space in the Charlotte NoDa Neighborhood
Industrial outdoor storage space isn’t a very popular option within NoDa, but there are a few opportunities near the rail yard. A lot of the IOS that once existed here is now being converted into other uses.
Industrial outdoor storage space is usually at least an acre or more of property. With the high value of the land in the condensed landscape of NoDa, it simply doesn’t make a lot of sense for businesses to take up such a large area right in the busy metro space.
Your Neighbors in Charlotte’s NoDa Area
When you make your commercial real estate home in NoDa, you’ll be surrounded by an artistic, inspiring community. Here are some of the businesses who will be your new neighbors in this metro Charlotte area.
- Amélie’s French Bakery & Café
- Jeni’s Splendid Ice Creams
- Heist Brewery
- Blackbox Theater
- Khali Yoga Center
The Camp North End co-working space on the western side of the wider NoDa area is also home to dozens of businesses, including:
FAQs About the NoDa Neighborhood in Charlotte, NC
Is NoDa a part of Charlotte?
Yes, NoDa, or North Davidson Street, is a neighborhood within Charlotte, North Carolina. It’s located about two miles northeast of Uptown.
How did NoDa Charlotte get its name?
NoDa is short for North Davidson Street, which runs through the center of this neighborhood. This name was likely given by Russel Pound - an architect in the late 1990s.
How Big is NoDa?
NoDa has an area of just 1.11 square miles.
Is NoDa Charlotte a walkable neighborhood?
Yes, NoDa is one of Charlotte’s most walkable neighborhoods! This area effortlessly blends history with modern, artistic spaces. It’s teeming with restaurants, boutiques, bars, coffee shops, and more.
What is transportation like in NoDa?
NoDa has opportunities for virtually every type of transportation. You can drive it, walk it, bike it, or take a CATA bus or the LYNX Blue Line light rail.
Because it is a highly walkable and bikeable neighborhood, drivers should be extra cautious in this area.
Where is the light rail in NoDa Charlotte?
The LYNX Blue Line light rail runs through NoDa (North Davidson Street) and stops at two stations: the 36th Street Station and the Sugar Creek Station.
Is commercial real estate expensive in NoDa?
Commercial properties in this neighborhood are available at an average of around $21/sf/yr for lease and $264/sf for sale. This is about average for property near central Charlotte.
Prices can vary significantly based on building class, size, features, and location.
Partner With Regent Commercial Real Estate to Find Your Next Property
At Regent Commercial Real Estate, our deep Charlotte NC knowledge blended with our prestigious real estate designations give our clients the advantage when it comes to buying, selling, or leasing property in the greater Charlotte area. With CCIM– and SIOR-designations, over 10 years of experience in metro Charlotte, and nearly 1000 successful sales and lease transactions closed, clients choose Regent CRE to make their commercial real estate goals a reality.
Our service marks include honesty, integrity, creativity, and genuine care for the needs and concerns of our clients. Our priority is much more than simply closing another sale. We want to gain a deep understanding of your business goals in order to leverage our knowledge to help you find a property that will give you as many advantages as possible. From a customized market report to expert negotiation to closing support, we’ll be with you every step of the way.
No matter your commercial real estate needs, we’re here to help. If you’re ready to save time, money, and hassle while experiencing success in your next commercial real estate venture, contact us today.
