Understanding the asking rent disparities across class A, B, and C office spaces in Charlotte

– Since 2016, Class C office prices have increased by 27.8%, Class B office prices by 44.13%, and Class A office prices by 40.27%.

– Class A office buildings have demonstrated consistent growth with rental rates following a steady upward trajectory year after year, whereas Class B properties saw a gradual decline from 2021 to 2023, and Class C rents have fluctuated unpredictably.

– The growing disparity between Class A and Class B rental rates, as well as between Class B and Class C, over time (specifically since 2016) can be attributed to factors such as the rising demand for premium office spaces, shifts in tenant preferences, and the effects of urbanization.