Charlotte, NC, February 12, 2026
Charlotte continues to thrive as a vibrant economic hub, with significant developments in the multifamily housing sector. The recent appointment of Charles Blankinship as Vice President at CF Evans Construction emphasizes the city’s commitment to expansion and innovation in construction. This leadership move aims to address the growing demand for quality living spaces, reflecting Charlotte’s robust economic landscape and its appeal as a prime location for businesses and entrepreneurs.
Charlotte, NC
Charlotte’s Building Boom Welcomes New Leadership for Continued Growth
Charlotte’s vibrant economic landscape continues to attract top talent and drive significant development, particularly within the bustling multifamily housing sector. The recent appointment of Charles Blankinship as Vice President of Business Development at CF Evans Construction underscores the ongoing commitment to strategic expansion and innovation in the region’s construction industry. This move signals a forward-looking approach to meet the growing demand for quality living spaces in the Queen City.
The spirit of entrepreneurial innovation is a cornerstone of Charlotte’s prosperity, with companies like CF Evans Construction playing a pivotal role in shaping the city’s skyline and accommodating its rapid population growth. The continued investment in key leadership positions, such as Blankinship’s, reflects a proactive strategy to navigate market dynamics and capitalize on opportunities, fostering both individual achievement and collective economic advancement for North Carolina entrepreneurs.
Strategic Talent Bolsters Regional Construction Leader
In a move that highlights the ongoing dynamism within the construction industry, Charles Blankinship was appointed as Vice President of Business Development at CF Evans Construction. This announcement came as of May 12, 2025. CF Evans Construction is recognized as one of the Southeast’s leading multifamily general contractors. Blankinship’s role is set to reinforce the company’s strategic growth initiatives and expand its footprint in a competitive market.
Charlotte’s Multifamily Market: A Hub of Activity
Charlotte’s multifamily commercial real estate market has experienced a surge in demand, driven by robust population growth, evolving lifestyle preferences, and favorable economic factors. The city has consistently ranked among the fastest-growing in the United States over the past decade, attracting residents and businesses with its diverse job market, high quality of life, and a thriving financial sector, earning it the moniker “Wall Street of the South”.
The market witnessed significant expansion in 2024, with over 16,700 units delivered, representing a 25% increase from the previous year. While this record-breaking supply led to a temporary dip in overall occupancy rates, demand remained strong, with approximately 12,700 units absorbed in 2024. Forecasts suggest a moderation in new unit completions in 2025, projected to decline by nearly 30%, which is expected to help stabilize the market and encourage healthy annual rent growth.
Navigating Growth and Opportunity
The Charlotte multifamily market reached a pivotal moment in 2025, as years of heavy construction converged with stable demand and steady migration. The market expanded at one of the fastest rates Nationwide, with annual growth peaking in the eight percent range, and total new deliveries nearing 18,000 units by the second quarter of 2025. Despite these high volumes, net absorption remained robust, with approximately 3,976 units absorbed in the first quarter of 2025, well above historical norms for the market.
This dynamic environment separates disciplined investors from opportunistic speculators. For multifamily investors, the current landscape is less about passive appreciation and more about strategic decision-making. Future returns are expected to hinge on disciplined acquisition pricing, strong property management, and creative value-add execution. Deliveries are projected to decline starting in 2026, suggesting that well-timed entry with a defined stabilization and hold strategy could position investors favorably.
Emerging Trends and Private Investment
Several key trends are shaping the future of multifamily development in Charlotte. These include the rise of luxury multifamily developments catering to high-income professionals, the growth of transit-oriented developments spurred by an expanding light rail system, and an increasing focus on providing affordable and workforce housing. Additionally, adaptive reuse projects, which convert older commercial buildings into residential units, are gaining traction.
The role of private capital in the Charlotte multifamily market is substantial. In the trailing twelve months leading up to Q2 2025, private capital comprised the largest share of multifamily purchases since 2015, accounting for 60% of transactions. Institutional buyers also increased their share, demonstrating broad confidence in the market’s long-term potential. This trend highlights the power of private initiative and investment in driving economic growth and development within the region.
A Positive Outlook for Charlotte Small Business
Charlotte’s economic expansion, fueled by continued population and employment growth, creates a fertile ground for businesses across all sectors. The emphasis on attracting and retaining skilled professionals, combined with a supportive environment for development, reinforces the city’s appeal. While challenges such as rising construction costs and navigating regulatory processes exist, Charlotte’s resilience and forward-thinking approach continue to foster a climate where entrepreneurial endeavors can thrive.
Conclusion
The strategic appointment of Charles Blankinship to CF Evans Construction is a testament to Charlotte’s enduring appeal as a center for economic activity and growth. As the city navigates a dynamic multifamily market, the focus on experienced leadership, innovative development, and private investment will be crucial for sustained success. We encourage our readers to support the local businesses and entrepreneurs who are building Charlotte’s future and contributing to the economic vitality of our community. Staying engaged with Charlotte NC business developments ensures we all play a part in fostering continued prosperity and smart economic growth for the Queen City.
Frequently Asked Questions
- What is Charles Blankinship’s new role?
- Charles Blankinship was appointed as Vice President of Business Development at CF Evans Construction.
- When was Charles Blankinship appointed to this role?
- Charles Blankinship’s appointment was announced as of May 12, 2025.
- What type of company is CF Evans Construction?
- CF Evans Construction is one of the Southeast’s leading multifamily general contractors.
- What are the key drivers for multifamily market growth in Charlotte?
- Key factors driving multifamily growth in Charlotte include population growth, in-migration, a strong job market, and a thriving financial sector.
- What are some emerging trends in Charlotte’s multifamily commercial real estate market?
- Emerging trends include luxury multifamily developments, transit-oriented development (TOD), affordable and workforce housing initiatives, and adaptive reuse projects.
- How has private capital contributed to Charlotte’s multifamily market?
- Private capital comprised the largest share of multifamily purchases in Charlotte, accounting for 60% of transactions in the trailing twelve months leading up to Q2 2025.
Key Features of Charlotte’s Multifamily Market
| Feature | Description | Reference Date/Period |
|---|---|---|
| Blankinship’s Appointment | Charles Blankinship as VP of Business Development at CF Evans Construction | May 12, 2025 |
| CF Evans Construction Status | Leading multifamily general contractor in the Southeast | Ongoing |
| Population Growth | Charlotte ranks among the fastest-growing cities in the U.S. | Past decade |
| New Unit Deliveries (2024) | Over 16,700 units delivered | 2024 |
| Projected Decline in Completions | Expected to fall by nearly 30% | 2025 |
| Net Absorption (Q1 2025) | Approximately 3,976 units absorbed | Q1 2025 |
| Private Capital Share | 60% of multifamily purchases | Trailing 12 months leading to Q2 2025 |
| Key Trends | Luxury developments, TOD, affordable housing, adaptive reuse | Ongoing |
Deeper Dive: News & Info About This Topic
HERE Resources
Charlotte-Mecklenburg Schools Focus on Enrollment and Funding
Candidates Forum in Mecklenburg County Addresses Key Issues
Duke Energy’s 2025 Performance and Impact on Charlotte’s Economy
Greensboro’s Revolution Mill Introduces Solo Taco
Mister O1 Pizzeria Arrives, Elevating Ballantyne’s Culinary Scene
West End Seeks Growth: A $4M Vision for Mixed-Use Development
Charlotte’s Palmetto Appoints New CFO for Growth
Significant $25 Million Expansion Planned for Lancaster County
Catalyzing Hope: Charlotte’s Role in Statewide Burn Survivor Support
Charlotte’s Recent Crime and Safety Incidents Noted
Author: HERE Charlotte
The CHARLOTTE STAFF WRITER represents the experienced team at HERECharlotte.com, your go-to source for actionable local news and information in Charlotte, Mecklenburg County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Lovin' Life Music Festival, Charlotte Pride festival, and major sporting tournaments at Bank of America Stadium. Our coverage extends to key organizations like the Charlotte Regional Business Alliance and Foundation for the Carolinas, plus leading businesses in finance and entertainment that power the local economy such as Bank of America and NASCAR. As part of the broader HERE network, including HEREAsheville.com, HEREGreensboro.com, HERERaleigh.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
