Charlotte Nc Chamber Of Commerce Profile

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Charlotte in Detail >> 2008 Charlotte in Detail >> 2008

PHOTOGRAPHY BY PATRICKSCHNEIDER.COM

Third Quarter 2008

|

Ventures Charlotte 81

CONTENTS Population

3-4

Government & Taxes

5

Labor

6

Corporate Neighbors

7 - 10

Education

11

Quality of Life / Community Facilities

12

Real Estate

13 - 14

Transportation

15 - 16

2008 >> Charlotte in Detail A clear picture of a community can be painted by its numbers – population, growth, businesses, jobs, job growth, diversity, taxes, ages, and availability of free time. All of these factors together form the quality of life in the community. Without a doubt, Charlotte is a quality community, and the numbers that follow prove just that.

POPULATION

Median Age:

Year

City of Charlotte

Mecklenburg County

2008

695,995

902,803

1,675,495

2007

664,342

871,432

1,626,694

2006

648,139

850,178

1,594,799

2005

632,760

820,635

1,545,348

2004

614,330

790,809

1,500,338

2003

594,176

770,299

1,453,816

2002

579,684

746,427

1,411,472

2001

551,645

720,490

1,370,361

2000

540,828

695,454

1,330,448

1999

523,777

677,051

1,285,161

1990

395,934

511,433

1,024,096

1980

315,473

404,270

855,538

1970

241,420

354,656

741,118

1960

201,564

272,111

426,549

U.S. (population) rank, City of Charlotte U.S. (population) rank, MSA

Charlotte MSA

20 36

Males: Females:

34.1 36.1

Racial Composition Mecklenburg County 2006 White Black Other

60% 30% 10%

Ethnic Population Mecklenburg County 2006 Hispanic/Latino Asian American Indian

81,242 32,578 4,182

Source: American Community Survey 2006

Percent of Population by Age Group Mecklenburg County 2007

Source: U.S. Census

Land Area Square Miles City County

286 527

55 years and over

18%

0-14 years

21%

45-54 years

15-24 years

14%

14%

35-44 years

17%

On the cover: Charlotte hosted three major men’s college basketball tournaments in 2008: the Atlantic Coast Conference (ACC) Championship, the Central Intercollegiate Collegiate Athletic Association (CIAA) Championship and the East Regionals of the National Collegiate Athletic Association (NCAA). The tournaments had a tremendous economic impact on the region and brought thousands of visitors to Charlotte. Photography by PatrickScheiderPhoto.com. 82 Ventures Charlotte

|

Third Quarter 2008

Source: ESRI Population Estimates

25-34 years

16%

Charlotte in Detail >> 2008 Household Income Mecklenburg County 2007 Households Average Household Effective Buying Income Median Household Effective Buying Income

330,500 $62,241 $46,163

Mecklenburg County Population Projections (Growth rate is projected at 3.6% per year) Year 2008 2018

Population 902,803 1,276,999

Households by Effective Buying Income Group Mecklenburg County 2007

In-Migration, Mecklenburg County, 2000 Moved 1995-2000 from: Same State Different State U.S. Protectorate Foreign Total

40,972 126,199 469 26,478 194,118

$75,000 and over 23%

Under $24,999 20%

Top Ten In-Migration Counties Guilford Wake Gaston Cabarrus Union Forsyth York, SC Richland, SC Iredell Cumberland

3,410 3,246 2,968 2,839 2,763 2,479 2,477 2,019 1,576 1,552

$50,000-$74,999 22%

$25,000-$49,999 35%

Source: Demographics USA County Edition 2007

Source: U.S. Census 2000



Third Quarter 2008

|

Ventures Charlotte 83

2008 >> Charlotte in Detail

GOVERNMENT & TAXES Form of City Government.............Council-Mayor and Manager Form of County Government......Commissioners and Manager Charlotte-Mecklenburg Police Personnel.........................2,092 Fire Stations, City of Charlotte...............................................39 Fire Personnel (full-time, city)...........................................1,083 Volunteer Fire Stations, Mecklenburg County.......................17 Fire Personnel (volunteer, county).......................................700 Public Libraries......................................................................24 Total Volumes Held (Public Libraries)........................ 1.4 million Total Circulation........................................................ 6.2 million

2007-2008 City Budget in Brief Total Budget Water & Sewer Public Safety Aviation Public Works Public Transit (CATS) General Government Economic Development Storm Water

(Millions) $1,607.7 420.8 285.4 275.5 241.7 166.1 117.1 63.2 38.0

(% of Total) 100.0% 26.2 17.8 17.1 17.1 10.3 7.3 3.9 2.4

Sources of City Revenue Total Revenue Property & Vehicle Tax Water & Sewer Aviation Public Transit Bonds User Fees & Other Storm Water

84 Ventures Charlotte

|

(Millions) $1,607.7 481.3 420.8 275.5 166.1 104.3 121.8 38.0

Third Quarter 2008

(% of Total) 100.0% 29.9 26.2 17.1 10.3 6.5 7.6 2.4

2007-2008 County Budget in Brief (Millions) Total Budget $1,018.3 Education Services 471.3 Community Health & Safety 167.2 Social, Education & Economic 124.9 Effective & Efficient Government 121.7 General Debt Service 88.6 Growth Mgt. & Environment 44.6

(% of Total) 100% 46.3 16.4 12.3 11.9 8.7 4.4



Sources of County Revenue (Millions) Total Revenue $1,018.3 Net Property Taxes - Current 775.3 Sales Tax - Unclassified 177.0 Fund Balance 42.3 Investment Interest 16.0 Other Revenue 7.7

(% of Total) 100% 76.1 17.4 4.1 1.6 .8

*Numbers may not total due to rounding Source: Mecklenburg County, Office of the Tax Collector

Charlotte-Mecklenburg Property Tax Rate Per $100 Assessed Valuation Year Valuation (Billions) 2007 $1.297 $93.6 2006 1.278 90.5 2005 1.257 84.3 2004 1.176 83.5 2003 1.156 69.5 2002 1.307 67.8 2001 1.307 64.2 2000 1.197 60.4 1999 1.197 57.0 1998 1.157 47.9

Tax Levy (Millions) $727.0 682.8 638.2 618.2 584.2 567.9 469.5 440.7 392.5 349.4

Charlotte in Detail >> 2008

LABOR

Top 10 In-Commuting Counties, 2000

Year

2007 2006 2005 2004 2003 2002 2001 2000 1999 1998

Number of Jobs

565,116 538,199 518,986 508,536 502,600 510,626 518,913 528,270 505,870 480,730

Employed Residents

436,031 427,125 412,114 403,664 396,952 387,822 390,579 390,044 354,152 340,026

Total Unemployment Unemployed Rate

20,616 20,019 21,280 21,285 22,109 24,448 16,266 9,870 7,268 7,925

4.5 4.5 4.9 5.0 5.3 5.9 4.0 2.5 2.0 2.4

New Job Growth vs. Unemployment Year

Jobs Created

Unemployment (%)

2007 2006 2005 2004 2003 2002 2001 2000 1999 1998

14,648 12,087 13,418 11,761 16,171 12,025 9,548 19,758 19,758 18,567

4.5 4.5 4.9 5.0 5.8 6.0 4.0 2.5 2.0 2.3

Source: NC Employment Security Commission and Charlotte Chamber of Commerce

Total In-Commuters 24,892 23,907 23,101 22,693 9,604 6,545 4,942 3,861 3,242 2,734 146,211

Mecklenburg County Annual Average 2007 Total Labor Force Employed Unemployed Unemployment Rate Registered Active Job Applicants within a 25 mile radius

451,186 430,884 20,302 4.5% 52,170

Source: NC Employment Security Commission

Unemployed

Mecklenburg County Employment Trends

Rank County 1 Union 2 York, SC 3 Gaston 4 Cabarrus 5 Iredell 6 Lincoln 7 Rowan 8 Lancaster, SC 9 Stanly 10 Cleveland Total In-Commuters

Employed

Third Quarter 2008

|

Ventures Charlotte 85

2008 >> Charlotte in Detail

Corporate Neighbors

Industry Structure Category Total All Industries

Charlotte Industrial Firms Industrial Category

# of Firms

Employment

# of Units 32,156

Employment 572,865

11

232

Construction

2,612

36,695

Mining

Food Manufacturing (311)

47

3,344

Beverage & Tobacco (312)

8

625

Manufacturing

1,013

34,427

Textile Mills (313)

22

466

Wholesale and Retail Trade

6,487

96,233

Textile Products (314)

31

701

Information

567

19,364

Wood Products (321)

26

753

Paper (322)

37

1,985

Utilities, Transportation and Warehousing

732

32,327

165

2,811

Real Estate, Rental and Leasing

1,647

11,278

Chemical (325)

81

2,382

Finance and Insurance

2,327

53,551

Plastics & Rubber (326)

37

3,144

Professional and Technical Services

4,067

39,310

Non-Metallic Mineral (327)

51

1,085

Education, Healthcare and Social Services

2,591

85,994

Primary Metal (331)

19

871

Fabricated Metal (332)

127

3,614

Administrative and Waste Services

1,954

47,495

Machinery (333)

120

5,312

Accommodations and Food Services

2,138

48,066

380

9,391

2,199

16,249

77

15,560

3,032

2,529

Printing (323)

Computer & Electronic Products (334)

43

3,768

Electrical Equipment (335)

26

399

Transportation Equipment (336)

20

446

Furniture (337)

49

1,004

Miscellaneous (339)

93

1,596

1,002

34,306

Total

Arts, Entertainment and Recreation Other Services (Ex. Public Admin.) Public Administration Unclassified



Source: Employment and Wages Unit, ESC/LMI Division 3rd Quarter, 2007

Source: NCESC including NAICS code 9/07

Headquartered Fortune 500 Companies Cities with Seven or More Fortune 500 Companies Rank 1 2 3 4 4 6 6 6 9 9

86 Ventures Charlotte

City New York Houston Atlanta Chicago Dallas Charlotte Minneapolis Philadelphia Pittsburgh St. Louis

|

Third Quarter 2008

# Headquartered 45 22 12 11 11 8 8 8 7 7

Fortune Rank 9 45 46 143 161 285 359 390 471

Company Name Bank of America Lowe’s* Wachovia Corporation Duke Energy Nucor Sonic Automotive Family Dollar Goodrich Corp. SPX

Revenues ($ Billions) $117.0 47.0 46.8 16.0 14.8 8.7 6.4 5.9 4.7

Total number of headquartered firms represented in Mecklenburg County: 310 *Located in Mooresville just north of Charlotte

Charlotte in Detail >> 2008 Charlotte Region’s Largest Employers, 2006 Rank Employer Employment 1 Carolinas HealthCare System* 26,283 2 Wachovia Corporation* 20,000 3 Bank of America* 13,960 4 Wal-Mart Stores, Inc. 12,918 5 Food Lion, Inc 8,658 6 Presbyterian Regional Healthcare* 7,800 7 Duke Energy Corporation* 7,500 8 Charlotte-Mecklenburg Schools* 7,500 9 State of North Carolina 7,479 10 City of Charlotte* 5,896 11 U.S. Postal Service 5,400 12 Lowe’s 5,120 13 Adecco 5,000 14 US Airways* 4,981 15 Ruddick/Harris Teeter* 4,700 16 Mecklenburg County* 4,700 17 AT&T North Carolina 3,290 18 US Government 3,244 19 Caromont Health Inc. 3,230 20 Compass Group 2,972 21 Corestaff Services 2,900 22 UNC Charlotte 2,800 23 Belk Inc* 2,700 24 Labor Ready Inc 2,545 25 Bi-Lo LLC 2,538 26 CVS Corp 2,500 27 United Parcel Service 2,500 28 Marriott International 2,475 29 Target Stores 2,210 30 Family Dollar Stores Inc 2,203 31 Hilton 2,175 32 Paramount’s Carowinds 2,110 33 TIAA-CREF 2,100 34 Central Piedmont Community College 2,053 35 JC Penney Corporation Inc 2,010 36 WG (Bill) Hefner Veterans Affairs Medical Center 2,007 37 IBM Corp 2,000 38 YMCA of Greater Charlotte 2,000 *Headquarters

Retail Sales Mecklenburg County Year 2007 2006* 2005 2004 2003 2002* 2001 2000 1999 1998

Total Sales $14,078,512,749 13,357,308,426 14,307,757,702 17,967,753,193 16,174,307,063 15,556,415,321 15,611,209,478 16,795,496,666 16,765,781,041 16,290,328,504

*Previous annual numbers are not comparable because of calculation change. Source: North Carolina Department of Revenue

2006-07 Retail Sales by Category Mecklenburg County Category Apparel Automotive Food Furniture Gen. Merchandise Lumber/Bldg. Materials Unclassified





Sales $652,229,801 678,740,522 2,396,702,053 783,613,693 3,845,502,483 2,166,952,801 3,488,771,068

Source: North Carolina Department of Revenue

Source: Charlotte Chamber of Commerce



Third Quarter 2008

|

Ventures Charlotte 87

2008 >> Charlotte in Detail Foreign Firms Represented in Charlotte Country

2007

2005

2000

Germany

117

116

100

United Kingdom

69

52

57

Japan

51

48

55

Canada

34

28

24

1960

68

41

22

6

35

20

9

6

29

19

3

0

16

11

4

1

31

34

37

31

20

8

3

29

22

16

14

11

4

1

Italy

26

33

23

19

2

0

0

Netherlands

22

16

11

11

9

6

0

Sweden

10

15

10

8

3

2

1

Denmark

8

8

3

3

3

0

0

Mexico

7

5

2

0

0

0

0

Australia

7

4

3

1

1

0

0

Belgium

6

7

5

6

2

1

0

Bermuda

6

5

1

0

0

0

0

China

6

6

4

0

0

0

0

India

6

4

1

0

0

0

0

Taiwan

6

5

5

0

3

1

0

Finland

5

5

4

2

0

0

0

Austria

4

2

1

0

0

0

0

Netherlands Antilles 3

3

2

0

0

0

0

Singapore

3

0

0

0

0

0

0

South Korea

3

4

1

0

0

0

0

Brazil

2

2

2

0

0

0

0

Ireland

2

2

1

1

0

0

0

Israel

2

1

1

1

1

0

0

Malaysia

2

1

1

0

0

0

0

South Africa

2

4

3

1

0

0

0

Spain

2

2

0

2

0

0

0

Czech Republic

1

2

1

0

0

0

0

Greece

1

0

0

0

0

0

0

Indonesia

1

1

0

0

0

0

0

Jordan

1

1

1

0

0

0

0

Lebanon

1

0

0

0

0

0

0

Liechtenstein

1

1

1

0

0

0

0

Luxembourg

1

1

0

0

0

0

0

New Zealand

1

1

0

0

0

0

0

Portugal

1

0

0

0

0

0

0

Saudi Arabia

1

0

0

0

0

0

0

United Arab Emirates 1

0

0

0

0

0

0

Venezuela

0

0

0

0

0

0

1 0

5

4

2

1

0

0

483

446

380

250

147

60

18

Source: Charlotte Chamber of Commerce

Third Quarter 2008

1970

France

Total

|

1980

Switzerland

Other

88 Ventures Charlotte

1990

Charlotte in Detail >> 2008 New & Expanded Business Activity Square Feet Year 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998

Investment # Firms 1,326 809 964 998 1,211 983 897 1,126 1,051 1,236

Employment 14,648 12,087 13,418 11,761 16,171 12,025 9,548 17,571 19,758 18,567

(Millions) 25.1 18.2 13.6 19.8 12.1 15.1 15.6 16.8 14.5 23.4

(Millions) $2,274.8 4,085.5 1,338.2 1,114.1 1,570.7 2,061.6 1,262.1 1,819.1 1,365.1 2,201.6

Source: Charlotte Chamber of Commerce

Wholesale Sales 2002 Top 25 Counties per Capita Rank

County

Wholesale Sales

Rank

County

Wholesale Sales Billions Per Capita

Billions Per Capita

1

DuPage County, IL

$92.5

$100.3

14

Mecklenburg County, NC

$32.7

$44.5

2

Fulton County, GA

84.7

98.2

15

Dallas County, TX

95.3

41.9

3

New York County, NY

140.7

89.6

16

Johnson County, KS

19.7

41.4

Shelby County, TN

37.1

41.2

4

Bergen County, NJ

69.6

77.7

17

5

Ventura County, CA

56.5

72.3

18

Westchester County, NY

37.8

40.2

6

Somerset County, NJ

21.9

71.8

19

Burlington County, NJ

17.4

39.7

7

Fairfield County, CT

51.8

57.9

20

Middlesex County, NJ

29.5

38.3

Harris County, TX

135.4

37.9

8

Morris County, NJ

26.8

55.9

21

9

Arapahoe County, CO

28.5

55.9

22

Orange County, CA

109.9

37.5

10

Gwinnett County, GA

36.0

55.5

23

Larimer County, CO

9.9

37.4

11

Oakland County, MI

62.1

51.6

24

Multnomah County, OR

24.8

36.7

25

Denver County, CO

20.0

35.9

12

Hennepin County, MN

55.6

49.6

13

Montgomery County, PA

35.7

46.7

Source: U.S. Census

# 14

Meck len Coun burg ty

Third Quarter 2008

|

Ventures Charlotte 89

2008 >> Charlotte in Detail

EDUCATION

CHARLOTTE MECKLENBURG SCHOOL SYSTEM

Higher Learning in the Charlotte MSA, 2006-2007 Name of Institution Art Institute of Charlotte

Location Charlotte

Zip Code 28209

Students 880

Type V

Belmont Abbey College

Belmont

28012

1,110

C

Brookstone College of Business

Charlotte

28262

167*

V

Cabarrus College of Health Sciences

Concord

28025

335

C

Carolinas College of Health Sciences

Charlotte

28203

N/A

V

Central Piedmont Community College

Charlotte

28204

16,772

CC

Davidson College

Davidson

28036

1,668

U

ECPI College of Technology

Charlotte

28217

496

T

Gardner-Webb University

Charlotte

28208

2,659

U

Dallas

28034

4,792

C

Charlotte

28202

2,493

U

Gaston College Johnson & Wales University Johnson C. Smith University

Charlotte

28216

1,470

U

King’s College

Charlotte

28204

556*

C

Number of Schools Total number of Schools Elementary Schools Middle Schools High Schools Special Programs

167 95 32 31 9

Enrollment Total Number of Students Grades K-5 Grades 6-8 Grades 9-12 Pre-K

132,281 65,455 29,456 37,370 3,291

Source: Charlotte Mecklenburg Schools December 2007

Class Size Elementary School Middle School High School Average Daily Attendance

20 Student average 21 Student average 18 Student average 95%

Lee University

Charlotte

28214

106

U

High School Students

Montreat College

Charlotte

28217

458

C

NC Center for Applied Textile

2007 graduates Graduates continuing their education

Belmont

28102

N/A

V

Pfeiffer University at Charlotte

Charlotte

28209

1,142

U

Private (Non-Public) Schools

Queens University

Charlotte

28274

1,680

U

Rowan Cabarrus Community College

Independent Schools Total Number of Students

Concord

28025

4,970

CC

Southern Piedmont Community College

Polkton

28135

2,023

CC

Strayer University Charlotte

28273 28262

6,753

U

UNC at Charlotte

Charlotte

28223

17,032

U

University of Phoenix at Charlotte

Charlotte

28273

1,138

U

Wake Forest University

Charlotte

28211

4,332

U

Wingate

28174

1,390

U

Rock Hill, SC

29733

5,111

U

York Technical College Rock Hill, SC

29730

4,263

T

Wingate University Winthrop University

Type Code: U- University C- Four-Year college CC- Community College T- Technical Institute V- Vocational School N/A- Not Available *Estimate for Fall 2006 Enrollment and 2005-2006 Graduates gathered from the Integrated Postsecondary Educations Data System (IPEDS) located online at http://nces.ed.gov/ipeds. Figures are not included in totals for all institutions. |

64 >20,000

2006 SAT Recentered Scores Mecklenburg County North Carolina United States

1029 1008 1021

Source: North Carolina Department of Education and CMS



90 Ventures Charlotte

6,587 85%

Third Quarter 2008

Educational Attainment Meck US Percent high school or higher 87.8% 84.1% Percent Associates degree or higher 46.0 34.4 Percent Bachelor’s degree or higher 38.1 27.0 Source: U.S. Census 2006 American Community Survey

Charlotte in Detail >> 2008

Quality of Life

COMMUNITY FACILITIES

Communications

Places of Worship

Major Daily Newspapers Television Stations Local Radio Stations Telephone Companies Weekly Newspapers Cable Television Services Satellite Television Services

1 10 28 28 20 1 7

Hotels and Motels, Mecklenburg County 3/08 Total Number of Hotels and Motels Total Number of Rooms

170 21,946

Source: Smith Travel Research

Protestant Catholic Jewish Other

500+ 16 6 46

Medical Acute Care Hospitals Specialty Care Hospitals Assisted Living Facilities Total Hospital Beds Nursing Schools Doctors Dentists

6 4 45 *2,267 8 2,151 530

Source: North Caroline Health Professions Data System Sheps Center UNCC

*Total Hospital Bed Number includes CMC and Presbyterian Climatological Summary Annual Average Temperature Lowest Monthly Average (January) Highest Monthly Average (July) Records Highest Temperature Lowest Temperature Precipitation Annual Average Annual Snow Accumulation Average Average Number of Days with Sunshine Relative Humidity February August

°F 62 Degrees 32 Degrees 90 Degrees °F 104 Degrees -5 Degrees °F 43 inches <6 inches 214

68% 84%

Recreational District, Neighborhood & Community Parks Miles of Greenway Parks Nature Preserves Public and Semi-Private Golf Courses Private Golf Courses Country Clubs Parks w/Public Boat Launches/Docks Disc Golf Courses Dog Parks Equestrian Center BMX Track Skateparks Shopping Centers (>30,000 sqft.)

210 33 6 36 21 20 3 6 4 1 1 2 254

Source: Mecklenburg County Parks and Recreation and Carolina Real Data

Cultural Affiliate/Associate Groups with Arts & Science Council 62 2007 Arts & Science Council Budget $17.9 million 2008 Fund Drive $11.2 million www.artsandscience.org

Finance Banks and Holding Companies Total Headquartered Bank Assets Total Headquartered Bank Deposits Mortgage Bankers Commercial Finance and Factoring Leasing Corporations (Transportation and Equipment)



25 $2.5 Trillion $926 Billion 354 59

Third Quarter 2008

5

|

Ventures Charlotte 91

2008 >> Charlotte in Detail Charlotte Area Residential Unit Sales*

Real Estate

Year

Total Sold

Average Price

Total Volume

Construction

2007

39,983

$231,170

$9,242,870,110

2006

43,748

220,510

9,646,871,480

New Residential Permits

2005

38,818

209,901

8,147,937,018

2004

33,114

198,918

6,586,970,652

2003

25,426

192,042

4,882,859,892

2002

23,795

185,251

4,408,047,545

2001

22,171

177,959

4,049,425,239

2000

21,340

176,958

3,828,838,284

1999

21,536

163,559

3,700,412,348

1998

19,035

162,275

3,088,900,400

Single Family 7,494 10,215 9,775 8,730 8,935 9,638 9,766 9,398 9,755 8,663

Year 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998

MultiFamily 6,306 7,874 3,827 3,960 3,677 3,851 4,718 5,370 4,210 4,285

Units Total 13,800 18,069 13,602 12,690 12,612 13,489 14,484 14,768 13,965 12,948

*Carolina Multiple Listing Services, Inc., CMLS Service Area

Percentage of Rentable Office Space Available

Construction Year 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998

__________Value (Millions)____ Permits Residential Non-Residential Total 21,462 $2,223.7 $1,823.4 $4,047.1 24,250 2,709.5 1,560.9 4,270.4 22,037 2,063.2 1,297.6 3,051.0 19,243 1,730.8 1,326.1 3,056.8 18,984 1,600.8 905.7 2,506.5 19,770 1,564.1 814.4 2,378.5 19,174 1,640.2 1,117.5 2,757.7 18,937 1,641.0 1,670.6 3,305.7 19,323 1,313.7 1,044.2 2,357.8 17,845 1,362.5 1,005.3 2,367.9

20%

Charlotte-Mecklenburg

Downtown

15%

Charlotte-Mecklenburg Historical Trends in Office Space Date 9/07 9/06 9/05 9/04 9/03 9/02 9/01 9/00 9/99 9/98

Rentable SF (Millions) 42.5 41.8 40.3 38.7 38.2 37.7 35.5 33.4 31.1 28.8

Used SF (Millions) 37.4 36.0 34.3 32.0 32.3 31.9 30.5 29.0 27.0 24.8

Available SF (Millions) 5.1 5.8 5.9 6.7 5.9 5.8 5.0 4.4 4.1 4.0

10%

5%

0%

92 Ventures Charlotte

|

Third Quarter 2008

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Charlotte in Detail >> 2008

Office Space Survey by Area 9/07 Area Downtown Suburban Total

No. of Buildings 51 522 573

Rentable SF 14,131,558 28,417,470 42,549,028

Reported Available SF 338,017 4,768,888 5,106,905

Percent Available 2.4% 16.8 12.0

Average Rate/SF $26.43 18.46 21.32

Cost of Living Index Rank

Cities of 400,000 to 1,000,000 PopulationAnnual Average 2007 City All Items Index

Rank

City

All Items Index

1

Fort Worth, TX

88.2

16

Tucson, AZ

100.3

2

Memphis, TN

89.3

17

Denver, CO

103.4

3

Charlotte, NC

89.7

18

Hampton Roads/SE Virginia, VA

106.8

Las Vegas, NV

109.8

4

Oklahoma City, OK

90.0

19

5

El Paso, TX

93.0

20

Baltimore, MD

118.0

6

Austin, TX

94.5

21

Portland, OR

120.8

7

Indianapolis, IN

94.7

22

Boston, MA

134.7

Washington, DC

136.4

8

Nashville-Franklin, TN

95.1

23

9

Kansas City, MO-KS

95.7

24

San Jose, CA

154.2

10

Atlanta, GA

96.1

25

San Francisco, CA

168.5

11

Columbus, OH

97.4

26

Fresno, CA

199.8

12

Albuquerque, NM

98.3

13

Jacksonville, FL

98.7

14

Cleveland, OH

98.9

15

New Orleans, LA

99.6

SOURCES: U.S. Department of Commerce - Bureau of Census, 2000; ACCRA - Cost of Living Index, 2007

NOTE: Five cities within this population range did not report cost of living data to ACCRA.

Cost of Living

4% 33%

Other



30%

Housing

11% 12%

10 %

Food Transportation Utilities Health Care

Third Quarter 2008

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Ventures Charlotte 93

2008 >> Charlotte in Detail

Transportation Commercial AirportCharlotte Douglas International Rankings 2007 10th Nationwide in total operations 18th Nationwide in total passengers 33rd Nationwide in Cargo (freight, mail) Source: Charlotte Douglas International Airport

  Major Airlines........................................................................ 9 Regional Carriers.................................................................. 7 Number of Flights Daily (January 2008)............................ 681 Direct/Nonstop Flights............................................ 178 cities 

Air Cargo 2007  

66,990 tons enplaned 75,829 tons deplaned

94 Ventures Charlotte

|

Third Quarter 2008

Air Passenger Enplanements 2007........................................................................... 16,568,589 2006........................................................................... 14,829,903 2005 .......................................................................... 14,043,554 2004........................................................................... 12,417,506 2003........................................................................... 11,511,465 2002........................................................................... 11,792,511 2001........................................................................... 11,557,058 2000........................................................................... 11,498,794 1999........................................................................... 10,684,261 1998........................................................................... 11,445,850

Top 15 Airports Served by Charlotte Douglas International Airport (4th Quarter 2007) Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Destination Passengers Daily La Guardia 1346 O’Hare 1040 Newark 851 Baltimore/Washington 801 Boston 776 Orlando 755 Dallas/Ft. Worth 677 Las Vegas 651 Los Angeles 644 John F. Kennedy 600 Ft. Lauderdale 570 Atlanta 515 Philadelphia 502 Tampa 500 Detroit 491

Charlotte in Detail >> 2008 CH-0810_InfoCharAd-vert:Layout 2

6/3/08

2:11 PM

Page 1

Highways Serving Area U.S. Primary State Primary Interstates

21, 29, 52, 74, 521, 601 16, 24, 27, 49, 51, 73, 160 I-85 (I-485), I-77 (I-277)

Trucking/Warehousing & Storage Firms Trucking Firms Warehousing & Storage Firms

304 87

Source: U.S. Census County Business Patterns 2005

experience charlotte! schools! higher education! seniors! moving here! fun charlotte!

Rail Service On-Line Railroads Norfolk Southern & CSX Transportation Off-Line Railroads Amtrak Trains through Charlotte Weekly 600+

Bus Service Provided by In-City Service Charter Services

Greyhound/ Trailways Yes 28

Visit Info! Charlotte for information, resources and great ideas for Charlotte living.

Port Facilities Inland Port opened in 1984 Currently handling more than 32,000 containers annually Charlotte also offers a Foreign Trade Zone Easy accessibility to NC and SC ports Port of Wilmington 204 miles away Port of Charleston 207 miles away

330 South Tryon Street 704.331.2700 Formerly known as Main Street Charlotte, Info! Charlotte is located in the Charlotte Chamber, at the corner of MLK Blvd. and Tryon Street.

U.S. Customs – Charlotte The Charlotte branch of U.S. Customs and Border Protection offers a service port with a full range of cargo processing functions, including inspections, entry, collections, and verifications.

Look for the info parking sign.

www.charlottechamber.com/infocharlotte

A publication of the Charlotte Chamber of Commerce PO Box 32785 - 330 S. Tryon Street Charlotte, NC 28232 704.378.1300

www.charlottechamber.com 06/08/3M

Third Quarter 2008

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Ventures Charlotte 95

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