Charlotte, NC Office Market Overview
The second-largest banking center in the U.S. — home to financial giants like Bank of America, Truist Financial and the east coast operations of Wells Fargo — Charlotte, N.C., is also a hotspot of U.S. motorsports. In fact, it houses the teams and offices of NASCAR, Haas F1 Team and the Charlotte Motor Speedway.
In particular, companies such as Atrium Health, Bank of America and Duke Energy generate demand for office space here. Currently, there are 468 projects — totaling roughly 65 million square feet of office space — under construction in the city. In 2019, the Bank of America Tower at 620 South Tryon St. was the largest office sale in Charlotte, going for $436 million.
Home to the University of North Carolina at Charlotte, Queens University of Charlotte, Central Piedmont Community College, Johnson C. Smith University and Johnson & Wales University, the city provides a generous pool of highly skilled workers. Meanwhile, Charlotte’s economy is powered by a variety of industries, including: energy; chemical research and manufacturing; packaging and bottling; transportation; and financial services.