Based on several articles I have read recently, it looks like Charlotte and Brooklyn are going to be hot relocation spots next year.
I always look forward to seeing the annual top relocation list, because I like to see which cities did and did not make the list. I also like seeing this annual list because it provides insight as to which cities are doing well in terms of local economy, job growth, and commercial development.
I wasn’t too surprised to see that Charlotte is expected to make the list in 2015, because there has been a lot of residential growth in that area. Over the past five years alone there have been numerous new single family home communities and condominiums developed. City leaders say that all this development is in response to the large numbers of people relocating to Charlotte. Many of the new residents are young families looking for an affordable and safe community to raise their children. In the metro-Charlotte area you can find new single family homes for under $200,000. This is definitely a deal compared to the price of new homes in other major cities.
There are also hundreds of people relocating to Charlotte for new job opportunities, and many are seeking a home that is convenient to the downtown area. Some of these individuals have moved into new condo communities that are located near the city’s light rail train line. They can just jump on the train and go to work without having to drive a car or fight traffic.
So it looks like a lot of people are relocating to Charlotte because of its transit system and affordable housing market.
I was also not surprised to see that Brooklyn is expected to be a top relocation city in 2015. There has been so much going on in Brooklyn over the past few years, which has included new business development and gentrification campaigns in several neighborhoods. As a result, Brooklyn is expected to pass Manhattan in terms of attracting new businesses and residents. This definitely says a lot about Brooklyn, because for decades Manhattan has been considered the business and growth leader in New York. Despite all the recent growth however, Brooklyn has still managed to maintain its own unique personality. While Manhattan has an upscale luxury vibe, the vibe in Brooklyn has always been hip and creative. And the businesses relocating to the area reflect this vibe. These include independent music and film studios, art galleries, and boutique advertising agencies – which is why individuals from across the country who are seeking a career in music, art, and independent films are moving to Brooklyn.
The growing number of gentrified Brooklyn neighborhoods is also attracting a lot of new residents. This has included professional actors and venture capitalists.