One measure of how development is booming in Charlotte: The pace of rezoning requests, filed when people seek to change the use of a piece of property, say from industrial to apartments.
People typically seek to change the use of a piece of property when they’re planning on developing it, making rezoning filings a very rough proxy for new commercial real estate development. The property in question can be a greenfield site (say, turning farmland into a new subdivision) or a redevelopment (turning a warehouse or single-family lots into a shopping center or apartments, for example). Charlotte City Council holds hearings on rezoning requests monthly and votes on whether to approve each.
Through August 22, developers have filed 139 requests to rezone pieces of property in Charlotte. At the current pace, we’re on track to see more 200 rezoning requests filed by the end of the year.
That’s compared with 134 rezoning requests filed all of last year, 120 filed in 2014 and 103 filed in 2013. Here’s a look at how many rezoning petitions we’ve seen each year for the last decade.
One consequence of a near-record number of rezoning requests? Longer City Council meetings. Earlier this year, council members moved to shorten meetings that had been routinely stretching to or even past midnight.