Charlotte Q4 2019 Office Market Report

Charlotte’s office market continues to be a beneficiary of the economic growth throughout the country. According to CoStar, vacancy continues to be low in the mid 7%’s and well below the 10-year average of a little over 10%. Absorption has been strong as new and existing product comes available contributing to rent growth of 6.5% year over year. These fundamentals have put Charlotte in the crosshairs of institutional investors with several large transactions announced or closed in Q4.

Charlotte Q4 2019 Office Graphic

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