Charlotte office market report

Q2 2024

In the second quarter of 2024, office sales volume continued to decline, recording the lowest period of investment volume since 2009. The city’s diversified economy and affordable cost of living attracted businesses leading to an increase in leasing activity. This activity, coupled with limited new construction, helped the availability rate to decline for the first time since 1Q 2023.
1.0 msf

Office space under construction

Construction activity is down 80% from the peak seen in 2020.

233.1%

Total office availability rate

The total availability rate dropped 70 bps quarter-over-quarter.

$31.9 m

YTD office investment sales

Office sales volume continues to decline as interest rates remain high and banks remain skeptical of office user prospects.

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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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