Charlotte Office Market Report
| Average Asking Rent (Price/SF | $33.43 |
| Vacancy Rate (%) | 18.6% |
| Net Absorption (SF) | 346,897 |
The Charlotte office market saw the third quarter of 2022 make another leap towards a successful year as 2022 inches closer to a close. The city added another 346,000 square feet of positive absorption and is looking to add at least 1 million square feet after the year ends. The Class A segment recorded more than 269,000 square feet of positive absorption, while lower-tier Class C space returned only 906 square feet back to the market. Overall vacancy retreated downward by 60 basis points, to 18.6% but was still higher compared to 12 months prior.
Download Charlotte Office Market Report 3Q22