Charlotte Office Market Report
Rental rates increased by 0.5% on a quarterly basis and 1.1% on an annual basis to $34.39, however rates remain 0.4% lower than the record high reported during the second quarter of 2025. With 95,692 SF of net absorption in the fourth quarter of 2025, vacancy edged down to 27.7%, a 17- basis point decrease from the previous quarter. The under-construction pipeline surged as Queensbridge Collective broke ground, pushing the pipeline to 597,455 SF, or 1.1% of the market’s inventory. Total leasing activity in the Charlotte metro increased by 1.4% quarter over quarter and surged 78.8% year over year to 1.4 MSF. Overall, the quarter’s activity was 28.3% higher than average fourth quarter leasing volume of 1.1 MSF reported over the past 16 years.
Download Charlotte Office Market Report 4Q25