Laserfiche WebLink
Residential <br /> For-Sale Residential <br /> CONDITIONS: `' Y <br /> • Nationally, buyers are favoring more <br /> walkable, convenient locations <br /> • Boomers are looking for something different Ud <br /> • Harrisburg is attractive for its low taxes, <br /> good schools, and low density <br /> • Harrisburg currently functions as a bedroom <br /> community to Charlotte (83% large-lot, <br /> single-family detached) <br /> OPPORTUNITIES: <br /> • Greater variety: <br /> • Small lot single-family(patio homes) <br /> • Townhomes <br /> • Condominiums _ <br /> • Senior Living <br /> • Utilize natural setting and orient new <br /> neighborhoods to creeks and planned \ 1 <br /> greenways(Carolina Thread Trail, Cross <br /> Charlotte Trail) ''t <br /> Rental Residential <br /> CONDITIONS: <br /> • Rental market is very healthy nationally, <br /> fueled by Millennials(unable/unwilling to <br /> own)and Empty Nesters (desire for <br /> simplified lifestyle and convenience) <br /> • Northeast Mecklenburg performing well <br /> (adding 500 units/year, low vacancies) <br /> • Harrisburg is largely lacking rental units (only K <br /> 541 units, extremely low vacancy rates, dated 1: <br /> product) <br /> OPPORTUNITIES: m� i <br /> • Apartments and independent living for 55+ <br /> I <br /> Introductionl5 <br /> Attachment number 1 \n <br /> G-2 Page 147 <br />