In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.
Total Office Space in North Carolina: 3,130,901 Sq. Ft.
In North Carolina, the largest share of office space is in office properties sized 50k to 100k square feet. In terms of quality rating, you’ll find that 505,981 square feet of office space in North Carolina is rated Class A. Office space rated Class B amount to 1,492,492 square feet.
North Carolina Office Market Breakdown by Building Size
Building Size Range |
Total Square Feet |
Share of Total Office |
50k to 100k Sq. Ft. |
1,009,492 Sq. Ft. |
32.24% |
100k to 500k Sq. Ft. |
735,915 Sq. Ft. |
23.5% |
500k to 1M Sq. Ft. |
800,000 Sq. Ft. |
25.55% |
North Carolina Office Market Breakdown by Building Quality Rating
Class |
Total Square Feet |
Share of Total Office |
Class A |
505,981 Sq. Ft. |
16.16% |
Class B |
1,492,492 Sq. Ft. |
47.67% |
Class C |
218,428 Sq. Ft. |
6.98% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in North Carolina: 34,843,458 Sq. Ft.
North Carolina is home to an industrial real estate market that encompasses 34,843,458 square feet of space across 31 industrial properties of various use types, sizes, and quality ratings.
North Carolina Industrial Market Breakdown by Building Size
Building Size Range |
Total Square Feet |
Share of Total Industrial |
50k to 100k Sq. Ft. |
3,239,728 Sq. Ft. |
9.3% |
100k to 500k Sq. Ft. |
19,773,555 Sq. Ft. |
56.75% |
500k to 1M Sq. Ft. |
4,450,834 Sq. Ft. |
12.77% |
> 1M Sq. Ft. |
4,818,930 Sq. Ft. |
13.83% |
North Carolina Industrial Market Breakdown by Building Quality Rating
Class |
Total Square Feet |
Share of Total Industrial |
Class A |
15,463,424 Sq. Ft. |
44.38% |
Class B |
8,185,327 Sq. Ft. |
23.49% |
Class C |
1,670,407 Sq. Ft. |
4.79% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in North Carolina: 9,099,591 Sq. Ft.
The North Carolina commercial real estate market includes 26 properties that are dedicated to retail use. The various types of retail space here account for 9,099,591 square feet of commercial property in North Carolina.
North Carolina Retail Market Breakdown by Building Size
Building Size Range |
Total Square Feet |
Share of Total Retail |
50k to 100k Sq. Ft. |
2,157,493 Sq. Ft. |
23.71% |
100k to 500k Sq. Ft. |
4,113,233 Sq. Ft. |
45.2% |
500k to 1M Sq. Ft. |
1,171,209 Sq. Ft. |
12.87% |
> 1M Sq. Ft. |
1,657,656 Sq. Ft. |
18.22% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.