Cranes in the Queen City signify economic development

As of April 10, 2023, the organization reported nearly 3.8 million square feet of office space was available in the area.

Jason Kenna, from the Pineville-based crane rental company, Hedde, told WCNC Charlotte that they have approximately 35 cranes erected around Charlotte and Concord, 12 of them in South End. Most of them were set up for mix-use or residential projects.

"Obviously the more cranes in the air, the more construction is going on," Hedde's vice president of national sales said. "Cranes are kind of like the economic indicator, right? So, the more cranes that are up, it means that we're doing well. So if you look over at the skyline in Charlotte right now, I'd say we're doing pretty well."

When it comes to other commercial projects, the demand for modern office buildings had an effect on commercial space in Uptown. Barry Fabyan, senior managing director of JLL, told WCNC Charlotte in January that the market would be rough in 2023.

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