Charlotte, NC Office Space for Lease or Rent

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: 66,845,909 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

50k to 100k SF: 8,256,399 SF / 12.35% of total office
100k to 500k SF: 38,530,048 SF / 57.64% of total office
500k to 1M SF: 12,812,204 SF / 19.17% of total office
> 1M SF: 7,247,258 SF / 10.84% of total office

By class:

Class A+: 8,412,797 SF / 12.59% of total office
Class A: 31,115,036 SF / 46.55% of total office
Class B: 19,652,771 SF / 29.4% of total office
Class C: 740,178 SF / 1.11% of total office

Top 10 Largest Office Buildings

in Charlotte

Office building	Address	Sqft	Year built
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
Bank of America Plaza	101 South Tryon Street, 28280	891,000	1973

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	378,643	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.

Financial Services – Charlotte is home to the East Coast operations of Wells Fargo Bank and the Bank of American headquarters.

Energy – Siemens Electric, Duke Energy, Babcock & Wilcox, Fluor, and Piedmont Natural Gas are just some of the energy companies that create demand for Class A white collar office space in Charlotte.

Transportation & Motorsports – Continental Tire, Meineke Car Car Center, NASCAR, and the Charlotte Motor Speedway all significantly impact the commercial real estate market in the city.

Corporate Offices – The demand for white collar Class A office space in Charlotte also comes from a diverse blend of companies including Chiquita Brand International, Carolina Foods, Coca-Cola Bottling Company, Toshiba, and Westinghouse.

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

News

2018 Office Check-In: Top US Markets for Development, Largest Projects of the Year

September 20, 2018

We’re almost halfway through H2 2018, and it’s high time to check up on construction activity, as well as the state of the U.S. office pipeline when compared to previous analyses. Last year around the same time, we looked at top U.S. cities for office delivery during the fall-winter season, and ...

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  Ever since Gordon Gekko uttered his now infamous credo, “greed is good,” many economists have been concerned with the long-term effects of the growing income inequality in the U.S. While free-market enthusiasts see things differently, inequality has become a recurring topic within our new...

Office Space for Rent in Charlotte, NC - 351 Listings