Charlotte firm says office market will rebound faster than nation while retail and industrial ones grow more slowly

Integra Realty Resources believes Charlotte's office market is going to rebound faster than the nation's but that the local retail and industrial markets will rebound more slowly, according to its latest 2013 Viewpoints report, an annual report of commercial real estate valuation trends. 

Among the consulting and valuation company's findings: 

• Office (uptown) market:

• 11.4% of the Uptown office market is vacant.

• The office sector’s property values are expected to remain flat through 2014.

• It is expected to take two years for the market to balance, compared to the national average of 4.5 years.

• Retail market:

• 10.8% of the retail market is vacant.

• The retail sector’s property values are expected to increase 5% from 2012-2014.

• It is expected to take five years for the market to balance, compared to the national average of 3.3 years.

• Industrial market:  

• 16.4% of the industrial market is vacant.

• The firm predicts it will take eight years for the industrial sector to balance, compared to the national average of four.

• The industrial sector’s property values are expected to stay the same through 2012-2014.

• Apartment market:

• 5.48% of the apartment market is vacant.

• The apartment sector’s property values are forecasted to increase 20% from 2012-2014.

• 16,250 units will be under construction for the next three years.