The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.

The Charlotte-Concord-Gastonia Metropolitan Statistical Area has a population of over 2.6 million people. There’s no shortage of cultural and entertainment options in Charlotte. The city has professional NFL, NBA, and MLS teams and is home to numerous museums, art galleries, performance venues, and the NASCAR Hall of Fame. Charlotte is a large cosmopolitan city with strong economic fundamentals. The city serves as the second largest banking center in the US, after New York City. Bank of America and Truist Financial are each headquartered in the region, and Wells Fargo employs 26,000 Charlotte residents. The area is also home to Honeywell, and Lowe’s corporate headquarters along with many other Fortune 1000 companies.