Charlotte Wonders About its Future as a Fast-Growing City
The good news is the same as the bad news in an article by Ely Portillo: "Thousands of people are still moving to Charlotte every year."
According to Portillo, in-migration is "driving much of Charlotte’s rising real estate markets, from new home construction to office towers to apartment buildings. But the region’s growth spurt also comes with growing pains, such as traffic and contentious questions about mass transit and toll lanes."
The migration trends raise a long-term question that many are wondering about in metropolitan areas all over the country. "Will the influx of younger renters moving to urban areas in Charlotte want to stay, or move out to the suburbs and cheaper, surrounding counties?"
Portillo breaks down the ongoing debate over the pros and cons of the city's strong attraction for migration into three areas of relevance:
- "Why developers aren't worried about overbuilding."
- The new residents arriving in Charlotte tend to be young and well educated.
- The potential problem for Charlotte is whether the current generation of renters will eventually decamp for the suburbs.