Highlights
- The average rent for office space in Charlotte is $33.35 per square foot, 7.00% lower compared to the previous year.
- The market’s vacancy rate stands at 19.20%, higher than the state average of North Carolina, which is 18.06%.
- Renting Class A/A+ office space here costs $38.20 per square foot, while Class B averages $28.98 and Class C stands at $22.40.
- 71,835 square feet is currently under construction.
2025 Office Space Rent & Sales
- $33.35 2025 Avg. Asking Rent
- -7.00% Y-o-Y Avg. Asking Rent Change
- 19.20% 2025 Office Vacancy Rate
- $795.6M2025 Total Office Sales
- $190.76Avg. Sale Price/SF
What is the average asking rent price for office space in Charlotte?
Average asking rents for office space here stand at $33.35 per square foot. The local office market recorded an average vacancy rate of 19.20% in 2025, unchanged from 19.20% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $795.6M across 20 sales. These transactions commanded an average sale price per square foot of $190.76.
Charlotte, NC Office Asking Rents by Class
What is the average office rent per square foot by property class in Charlotte?
- Avg. Asking Rent Class A & A+$38.20
- Avg. Asking Rent Class B$28.98
- Avg. Asking Rent Class C$22.40
The average asking rent for Class A and A+ office space stood at $38.20 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Charlotte averaged $28.98 per square foot, while the average for Class C space was $22.40 per square foot.
What is the average office rent per square foot by property class in NC?
- Avg. Asking Rent Class A & A+$34.61
- Avg. Asking Rent Class B$27.56
- Avg. Asking Rent Class C$18.16
For comparison, the average rent for Class A and A+ office space in North Carolina was $34.61 per square foot. The state-wide average for Class B space was $27.56 per square foot, and Class C office spaces averaged $18.16 per square foot.
Charlotte, NC Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Midtown - South End | $50.11 | 10.52% |
| Charlotte CBD | $36.68 | 29.95% |
| Southpark | $36.65 | 18.11% |
| Northwest Charlotte | $35.81 | 19.61% |
| Highway 51 | $33.97 | 12.41% |
| Crownpoint | $33.53 | 14.30% |
| Northeast - I-77 | $31.66 | 18.12% |
| University | $27.09 | 15.28% |
| Airport | $24.37 | 17.33% |
| East Charlotte | $21.07 | 17.00% |
2025 Office Sales Volume
- $190.762025 Avg. Price per SF
- -13.67%Y-o-Y Avg. PpSF Change
- $795.6M2025 Office Sales Volume
- 202025 Number of Transactions
What is the average sale price per square foot for office space in Charlotte?
Average sale prices for office space in this market recorded a -13.67% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $190.76 per square foot. For comparison, the statewide North Carolina average during the same time period stood at $176.47 per square foot, while the national average was $182.48 per square foot.
Charlotte, NC Sale Price per SF Trend
- Charlotte Avg. Sale Price per SF in 2025$190.76
- North Carolina Avg. Sale Price per SF in 2025$176.47
What was the total office sales volume in Charlotte in 2025?
The local office market recorded 20 deals in 2025, adding up to a yearly sales volume of $795.6M.
- Charlotte, NC Total Office Sales Volume in 2025 $795.6M
- Charlotte, NC Total Number of Office Sales Closed in 2025 20
What were the largest office building sales in Charlotte in 2025?
The market’s largest transaction last year was the sale of Legacy Union 6HUNDRED for $230,000,000 on 11/19/2025. The next-highest sale was the transaction involving Ally Center, which traded for $75,750,000. The third-largest transaction was the sale of Ballantyne Corporate Park - SPX Building for $71,500,000.
| Property name | Address | Date | Price |
|---|---|---|---|
| Legacy Union 6HUNDRED | 600 South Tryon Street | 11/19/2025 | $230,000,000 |
| Ally Center | 440 South Church Street | 10/6/2025 | $75,750,000 |
| Ballantyne Corporate Park - SPX Building | 13320 Ballantyne Corporate Place | 6/10/2025 | $71,500,000 |
| Charlotte Plaza | 201 South College Street | 8/28/2025 | $70,000,000 |
| Elizabeth on Seventh | 1942 East 7th Street | 12/30/2025 | $58,000,000 |
2025 Office Construction in Charlotte, NC
- Charlotte, NC Total SF completed in 2025 1,193,027
- Charlotte, NC Total SF under construction in 2026 71,835
How much office space was built in Charlotte in 2025?
Looking forward, development activity in 2026 is estimated to add 71,835 square feet of office space to the market in total.
What are the largest recent office completions in Charlotte?
The largest recent office completion here is Legacy Union 6HUNDRED at 410,000 square feet, completed in 2024. The next largest completions are Legacy Union 6Hundred and 110 East.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Steele Creek Medical Office | 13515 Steele Creek Road, 28273 | 36,124 | 2025 |
| Legacy Union 6HUNDRED | 600 South Tryon Street, 28202 | 410,000 | 2024 |
| Legacy Union 6Hundred | 600 S Tryon St, 28202 | 410,000 | 2024 |
| 110 East | 110 East Blvd, 28203 | 370,000 | 2024 |
| 2825 South | 2825 South Boulevard, 28209 | 148,198 | 2023 |
| 2825 South | 2825 South Blvd, 28209 | 137,957 | 2023 |
| Vantage South End - East Tower | 1120 South Tryon Street, 28203 | 286,235 | 2022 |
| Elizabeth on Seventh | 1942 East 7th Street, 28204 | 103,500 | 2022 |
| The Packard | 1310 S TRYON STREET, 28203 | 6,479 | 2022 |
| 1117 Caldwell Williams Rd | 1117 Caldwell Williams Rd, 28216 | 400 | 2022 |
See reports for other markets
- Raleigh Office Rent Price
- Durham Office Rent Price
- Greensboro Office Rent Price
- Winston-Salem Office Rent Price
- Cary Office Rent Price
- Asheville Office Rent Price
- Washington Office Rent Price
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- San Antonio Office Rent Price
- Houston Office Rent Price
- Chicago Office Rent Price
- San Francisco Office Rent Price
- Austin Office Rent Price
- Phoenix Office Rent Price
- Manhattan Office Rent Price
- Denver Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.