Charlotte office market report

Q1 2025

Gradual progress in the Charlotte office market is the dominant theme in Q1 2025, with a few notable highlights. Direct office availability is the lowest it has been since Q1 2023 and has seen a downward trend over the past three quarters. Net absorption is slightly positive, with an emphasis on the CBD outpacing its surrounding urban submarkets. Additionally, businesses are placing a stronger focus on return-to-office (RTO) strategies, all of which suggest a promising outlook for the remainder of 2025.

63.9%

Office visitation increasing YoY

Charlotte office visitations is currently at 63.9% of pre-COVID levels, which is 2.4% higher than the national average of 61.5%.

0.5%

Positive net absorption in the CBD submarket (QTD)

Among Charlotte's urban office submarkets, the CBD is the only one to post positive net absorption this quarter, at 0.5% of total inventory (QTD).

10.7 msf

Class A inventory on the decline

Class A office availability has declined by 700,000 square feet form the all-time high recorded in Q3 2024.

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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.