Charlotte, NC Office Overview
The Charlotte office market includes the Charlotte Downtown, Eagle Lake, and Dilworth submarkets. With a metropolitan population of over 2.4 million people the economy in the metro area is driven by the financial services, motorsports, and energy industries, resulting in a dynamic demand for while collar office space in Charlotte.
As of mid-2017 the Greater Charlotte office market encompasses nearly 55 million square feet of existing office space in properties larger than 50,000 square feet. Charlotte is the largest city in North Carolina and has been recognized as one of the country's fastest growing metropolitan areas, generating a strong demand for Class A office space.
Charlotte, NC Office Inventory Description
Charlotte is known as a major financial center in the U.S. and is the second-largest banking center in the country after New York City. With a gross metropolitan product of $132 billion there is consistently strong demand for white collar office employment. Nearly 65% of the office space in Charlotte is Class A or A+, with Class B office inventory adding another 34% of office inventory to the Charlotte commercial real estate market.
The Fourth Ward office submarket in Charlotte is home to some of the most prestigious Class A office space in the city. Strategically centered between Johnson & Wales University, Comerica Stadium, I-277 and the Charlotte Transportation and Convention Centers, this office market is home to trophy office property such as the Fifth Third Center and the Ally Center office buildings.
Charlotte, NC Commercial Inventory Breakdown
Office Spaces
Total: 71,042,574 SF
By square footage range:
- 50k to 100k SF: 8,253,889 SF / 11.62% of total office
- 100k to 500k SF: 38,729,223 SF / 54.52% of total office
- 500k to 1M SF: 12,812,204 SF / 18.03% of total office
- > 1M SF: 11,247,258 SF / 15.83% of total office
By class:
- Class A+: 8,412,797 SF / 11.84% of total office
- Class A: 30,880,279 SF / 43.47% of total office
- Class B: 19,158,272 SF / 26.97% of total office
- Class C: 740,178 SF / 1.04% of total office
Top 10 Largest Office Buildings
in Charlotte
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| City Park Office Complex | SEC West Tyvola Pkwy & Yorkmont Road, 28217 | 4,000,000 | n/a |
| Wells Fargo Customer Information Center | 1525 West W. T. Harris Blvd, 28262 | 1,438,995 | 1996 |
| Duke Energy Center | 550 South Tryon Street, 28202 | 1,340,146 | 2009 |
| One Bank of America Center | 150 North College Street, 28202 | 1,254,293 | 2010 |
| Bank of America Corporate Center | 100 North Tryon Street, 28202 | 1,143,752 | 1990 |
| Camp North End - Future Phases - Offices | SEC Statesville Avenue & Woodward Avenue, 28206 | 1,050,000 | n/a |
| 526 South Church Street | 526 South Church Street, 28202 | 1,020,072 | 1975 |
| One Wells Fargo Center | 301 South College Street, 28202 | 981,678 | 1988 |
| Hearst Tower | 214 North Tryon Street, 28202 | 970,002 | 2001 |
| Three Wells Fargo Center | 401 South Tryon Street, 28202 | 930,733 | 1999 |
Most Recently-Built Office Buildings
in Charlotte
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 300 South Tryon | 300 South Tryon Street, 28202 | 652,685 | 2017 |
| 615 South College | 615 South College Street, 28202 | 378,943 | 2017 |
| Ballantyne Corporate Park - Brigham Building | 11625 North Community House Road, 28277 | 287,507 | 2017 |
| Capitol Towers - North Office Tower | 4350 Congress Street, 28209 | 245,051 | 2017 |
| AvidXchange Headquarters | 1210 AvidXchange Lane, 28206 | 201,450 | 2017 |
| 500 East Morehead | 500 East Morehead Street, 28202 | 178,260 | 2017 |
| Lakepointe Corporate Center - Sealed Air Headquarters III | 2405 Cascade Pointe Blvd, 28208 | 167,500 | 2017 |
| Lakepointe Corporate Center - Sealed Air Headquarters I | 2415 Cascade Pointe Blvd, 28208 | 109,000 | 2017 |
| Lakepointe Corporate Center - Sealed Air Headquarters II | 2425 Cascade Pointe Blvd, 28208 | 109,000 | 2017 |
| INQ @ 2401 | 2401 Sardis Road North, 28227 | 165,000 | 2016 |
Charlotte, NC Green Office Space
While not yet ranking in the Top 30 Green Office Markets in the U.S., green office space in Charlotte is growing, with numerous LEED certified projects scattered throughout the metropolitan area.
The Duke Energy Center Building at 550 South Tyron Street in Charlotte is a prime example of green Class A office property. Constructed in 2009 this 1.3 million square foot office building was the first high-rise office building to be awarded the prestigious LEED Platinum certification.
The National Green Building Adoption Index for 2017 surveyed office buildings in the 30 largest U.S. markets and found that the percentage of green certified building has increased from less than 5% in 2005 to approximately 38% as of mid-2017.
Charlotte, NC's Top Office-Using Sectors
The financial services, energy, motorsports and numerous Fortune 500 companies all combine to create powerful demand for Class A office space and commercial real estate in Charlotte, NC.
Charlotte Demographics
Population
- Total Population792,137
- Male Population(48.0 %) 380,065
- Female Population(52.0 %) 412,072
- Median Age33.70
Income/Financial
- Average Household Income$80,960
- Median Household Income$53,637
- Median Income Under 25$26,104
- Median Income 25-44$56,537
- Median Income 45-64$62,025
- Median Income Over 65$40,342
- Arbor Hills Demographics
- Ashley Park Demographics
- Ballantyne Demographics
- Barclay Downs Demographics
- Cherry Demographics
- Collingwood Demographics
- Dilworth Demographics
- Eagle Lake Demographics
- East Forest Demographics
- Eastway - Sheffield Park Demographics
- Elizabeth Demographics
- Foxcroft Demographics
- Hampshire Hills Demographics
- Idlewild Demographics
- Lockwood Demographics
- Mineral Springs - Rumble Road Demographics
- Montclaire - Madison Park Demographics
- Montclaire South Demographics
- North Sharon Amity - Reddman Road Demographics
- Northlake Demographics
- Olde Whitehall Demographics
- Park Crossing Demographics
- Prosperity Church Road Demographics
- Starmount Demographics
- Sugaw Creek - Ritch Avenue Demographics
- The South End Demographics
- Uptown Charlotte Demographics
- Yorkmount Demographics
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Cities near Charlotte, NC
Charlotte, NC zip codes
- 28202 Office Space
- 28203 Office Space
- 28204 Office Space
- 28205 Office Space
- 28206 Office Space
- 28207 Office Space
- 28208 Office Space
- 28209 Office Space
- 28210 Office Space
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- 28213 Office Space
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- 28226 Office Space
- 28227 Office Space
- 28244 Office Space
- 28262 Office Space
- 28269 Office Space
- 28270 Office Space
- 28273 Office Space
- 28277 Office Space
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- 28280 Office Space
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Neighborhoods
- Arbor Hills Office Space
- Ashley Park Office Space
- Ballantyne Office Space
- Barclay Downs Office Space
- Cherry Office Space
- Collingwood Office Space
- Dilworth Office Space
- Eagle Lake Office Space
- East Forest Office Space
- Eastway - Sheffield Park Office Space
- Elizabeth Office Space
- Foxcroft Office Space
- Grier Heights Office Space
- Hampshire Hills Office Space
- Idlewild Office Space
- Lockwood Office Space
- Mineral Springs - Rumble Road Office Space
- Montclaire - Madison Park Office Space
- Montclaire South Office Space
- Myers Park Office Space
- North Sharon Amity - Reddman Road Office Space
- Northlake Office Space
- Olde Whitehall Office Space
- Park Crossing Office Space
- Prosperity Church Road Office Space
- Starmount Office Space
- Sugaw Creek - Ritch Avenue Office Space
- The South End Office Space
- Uptown Charlotte Office Space
- Yorkmount Office Space
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