CHARLOTTE, NC – A new office tower is needed to attract new jobs uptown, according center city leaders.
“We're not going to be able to recruit an employer here, and have them wait three years for a tower to be built. So we've got to figure out how to create enough local demand to create the base, to get some of the projects started," said Michael Smith of Center City Partners.
Smith is addressing business and city leaders Wednesday night in the “State of Center City” address. He’s urging the different parties to come together to invest and build an office tower. Uptown office vacancy rates have fallen to 8.1 percent, the lowest in the nation. Smith preferred to see 12-14 percent vacancy, to allow plenty of space for a large company. In the meantime, he said companies are bypassing Charlotte for opportunities.
“We have projects that are overlooking Charlotte because don't have the supply in our central business district.”
Even small businesses are impacted indirectly. Abbeydale is custom menswear shop on W. 4th Street. Its core customer is the uptown businessman.
“The more buildings around here, the better! That just means more people who will walk by our shop and need some clothes,” said employee Theo Mercado.