Monday, September 10, 2012

A shift in Charlotte's center city - Charlotte Business Journal:

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The great recession has shifted theuptowbn group’s priorities, vaulting a precarious office-vacancy rate to the top of the list. By the end of the organization best known forpromotingv big-ticket projects will hire a business recruitert who will work with real estate brokersd and the . “It is going to be an individual who is dedicatedd and compensated based on their ability to recruit new capitak investment and new jobs and lease square footag in thecenter city,” says Michael Smith, Charlottse Center City Partners president and chief executive. “We will have more resourcesw dedicated inthat direction.” The shift is drivenm by the new economic realities.
Afteer two decades of relentless growth powered by the bankingb empires atand , the Queen City is grapplingv with a fast-growing jobless rate and office vacancy in the centrao business district that is expectec to reach 10%.

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