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Town of Matthews Seeking Controls on Short Term Rentals (STRs)

The Town of Matthews has initiated an effort to curb Short Term Rentals (STRs) through the introduction of a text amendment to its Unified Development Ordinance (UDO).  Text Amendment 2024-2 does the following:

  • STRs would be required to be separated from each other by a minimum of 800 feet, measured from property lines.
  • They would be required to have a zoning permit and the permit would need to be posted publicly.
  • Renters would not be allowed to hold special events or gatherings.
  • A local manager or operator would be required to be located in or adjacent to Mecklenburg County.

During recent Commissioner meetings, several residents spoke in favor of imposing these restrictions but based on information provided by the Town, it is unclear how significant a concern this is to the vast majority of the population.  A review of the minutes of recent meetings indicates there have been a total of ten calls to the police related to STRs during the past three and a half years.  Of those, five were initiated by the STR owners and the other five came from area homeowners.  According to Town Staff, there are currently somewhere between 20 and 40 STR properties located within the Town of Matthews where the current population stands at over 30,000.

The public hearing on the text amendment began last night and has been extended to August 12th (STR conversation runs from 2:50:36 through 4:51:40).  Look for more updates and opportunities for engagement on this topic very shortly.    

Best Cities for Gen Z: Minneapolis Triumphs as No. 1

Originally published on September 5, 2023, by Matthew Preston for NAIOP.

The diverse Gen Z generation has a wide range of priorities when it comes to choosing a city to live in. Some value affordability while others prioritize education and employment prospects. Still others are looking for a city with abundant recreational activities.

To help Gen Zers identify cities that align with their priorities, CommercialCafe analyzed major U.S. cities across a variety of key metrics. These included the Gen Z population share, educational attainment, affordability, eco-friendly commuting and park density. The results of this analysis created a comprehensive guide for Gen Zers who are looking for a city that values community, cost-effectiveness and sustainability.

MINNEAPOLIS TAKES LEAD AS ULTIMATE CITY FOR GEN Z

Minneapolis is the top city for Gen Z in 2023, and in fact, it already boasts a strong Gen Z population (roughly 10% of residents belong to this demographic) and attracts many others within this age group. Additionally, more than half of its Gen Z inhabitants are enrolled in post-secondary educational pursuits, making Minneapolis an attractive destination for young professionals to chase their career goals. Similarly, a low unemployment rate of 2.6% presents promising job prospects. Finally, the city’s budget-friendly subscriptions to high-speed internet access are especially appealing to the digital nomad types from this age group. 

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