Charlotte Tops in Craft Beer Real Estate Growth

The Queen City’s commercial real estate market continues to be thirsty for more craft beer!

Real estate firm Colliers International compared the growth of craft breweries in 29 markets and found that Charlotte, NC is among the industry’s fastest-growing areas in the country.

The Charlotte Business Journal article cites, “The survey showed Chicago had the largest craft-beer footprint at 1.6 million square feet of space, while Charlotte ranked 21st in size. But Charlotte had the highest growth rate from 2013 to 2014, with its footprint growing by 77%, much higher than the 20.7% growth rate for all markets.
According to Colliers, the Charlotte footprint grew to 167,624 square feet in 2014, up from 94,687 square feet in 2013. Today, the number stands at 229,281 square feet, according to the firm.
Asheville’s footprint ranked eighth in size overall but ranked first on a per-capita basis at 1.58 square feet.”

Several of Charlotte’s breweries can be found in the South End and NoDa neighborhoods, which offer older industrial buildings and warehouses capable of housing large brewing operations.