Commercial Real Estate Report - Charlotte, NC [Office]

Property Type

View market and submarket information on Office space in Charlotte, North Carolina. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Charlotte, North Carolina.

Boundaries

Display:
Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Charlotte, NC - Entire Metro
Submarkets
Airport/Parkway -160 bps
East -110 bps
Midtown -90 bps
NC 51 -70 bps
Cotswold -60 bps
North/University -50 bps
Park Road -40 bps
Medical/Randolph -20 bps
I-77 50 bps
South Park 100 bps
Uptown 110 bps

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 8.7% 8.6% 12.8% 7.5%
Median 7.7% 8.8% 12.8% 7.7%
12 Month Rolling 9.0% 9.0% 8.6% 7.6%

Commercial Real Estate News

Recent Rent Observations

Location ID Class Rent
Cotswold 37070 BC $17
East 48700 BC $16
North/University 20680 BC $19
North/University 51571 BC $19
North/University 69390 BC $18
NC 51 20980 A $26
South Park 18763 A $27
South Park 26830 A $24
South Park 14940 A $0
Medical/Randolph 69070 BC $16

Change From Previous Quarter

Market Rent Vac Inv
Charlotte 0.0% 0 bps 0.0%
South Atlantic Region 0.0% 0 bps 0.0%
United States 0.0% 0 bps -0.0%

Metro vs. Region 0.0% 0 bps 0.0%
Metro vs. US 0.0% 0 bps 0.0%

Latest New Construction Updates

Location Size
NC 51 120,000 - 230,000
NC 51 120,000 - 230,000
I-77 120,000 - 230,000
South Park 120,000 - 230,000
Airport/Parkway 0 - 120,000
Airport/Parkway 0 - 120,000
Medical/Randolph 230,000 - 340,000
North/University 0 - 120,000
Cotswold 450,000 - 0
Park Road 120,000 - 230,000
View all Construction Projects

National Office Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Office Rankings (Q1 2013)

Based on 190 U.S. Markets
Value:
102. Tulsa, OK 17.3%
103. Wilmington, NC 17.3%
104. Boise, ID 17.4%
105. Redding, CA 17.4%
106. Atlantic-Cape May, NJ 17.5%
107. Charlotte, NC 17.5%
108. New Haven, CT 17.5%
109. Salt Lake City, UT 17.5%
110. Orange County, CA 17.7%
111. Minneapolis, MN 17.8%
112. College Station-Bryan, TX 17.9%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Charlotte 0.9% 1,720 bps 0.7%
South Atlantic Region 0.9% 1,676 bps 0.8%
United States 0.6% 1,704 bps 0.9%

Metro vs. Region -0.0% 44 bps -0.1%
Metro vs. US 0.3% 16 bps -0.3%