Charlotte office market report

Q4 2024

In the fourth quarter of 2024, the Charlotte office market remained stagnated, although positive green shoots were present. Demand for Class A space remains high, as tenants continue to seek highly amenitized space in modern, updated spaces. While direct vacancy is 22.2%, an 80-basis point increase QoQ, investments sales ticked up at the end of the year, with over $400m trading hands. Large firms have increased RTO policies, resulting in optimism that tenant demand will continue to strengthen.
 
$36.25

Class A asking rent

Class A asking rent in Charlotte is $36.25, with that rate continuing to grow YoY.

$417m

Investment sales volume

Over $400m traded hands in Q4, as investors closed on high-vacancy, distressed properties.

22.2%

Direct Vacancy

Direct vacancy is 22.2%, an 80-bps increase, though RTO policies have sparked confidence in stabilizing vacancy rates.

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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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