Charlotte office market report

Q3 2024

In the third quarter of 2024, the Charlotte office market continued to see slowdowns, albeit with positive indicators for a stronger 2025. Availability rates continued to climb in Q3, reaching over 23% for Class A product. Development remains sluggish, with under 1.0 msf currently under development, and FS asking rents fell from Q2. Meanwhile, major companies such as Amazon and Starbucks have instituted return-to-office policies, creating room for growth.
23.6%

Class A availability

Class A availability in Charlotte is 23.6%, a 150-basis point jump from 2023.

$34.12

Average FS asking rent

Average FS asking rent is $34.12, a 0.13% drop from Q2 2024.

1.0 msf

Office product under development

As of Q3 2024, under 1 msf of office product is under development, with only 1 delivery.

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Get in-depth office market reports and insights from commercial real estate experts in the Greater Charlotte area. Avison Young advisors look at Charlotte commercial real estate activities and the latest Charlotte statistics to provide you expert market research on Charlotte's office properties.

Explore different topics like the latest office market pricing trends and analysis of Charlotte's current office real estate market conditions. Gain a better understanding of Charlotte’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Charlotte's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Charlotte.

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