Southeast Real Estate Investment Market Report: Feb. 2020
What is Geotechnical Engineering? Geotechnical engineering, also known as geotechnics, soil testing, or soil analysis, is the evaluation of the earth’s components before starting a construction project. Most examinations include surface and subsurface exploration, soil sampling, and laboratory analysis.
What is its significance with construction projects? The characteristics and quality of your soil play a vital role in how a building is constructed. It’s best to have a professional analyze the soil before any construction begins to determine if it’s suitable for your project.
Learn moreMarket Activity
Revitalization keeps demand for Class B/C apartments at a high. These efforts are highlighted by the Centennial Yards project taking place downtown. This project will convert 50 acres of rail space into 12 million square feet of mixed-use development, and will require a large volume of construction workers.
Market Activity
Charlotte is expected to receive its largest influx of rentals so far this millennium. Many of these completions contain over 300 units. Two projects, Uptown 550 at Stonewall and Novell Stonewall Station both opened with 400 units each. However, renter demand in the area will absorb most of this incoming supply, creating a sub-5.0 percent vacancy rate.
Market Activity
Orlando remains at the top in the nation for employment growth. The new job opportunities along with the metro’s quality of life continue to attract workers and retirees. It’s expected that 28,000 household will be formed this year. Many of these households will favor affordability, flexibility and amenities.
