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Charlotte has 2,038 commercial real estate spaces for lease, representing 23,517,561 sqft space.
640 buildings are available for sale.
In the past 30 days, Charlotte has had 71 spaces leased and 246 new spaces come on market.
Charlotte Office and Commercial Space Overview
With a metropolitan population of nearly 2.5 million people, Charlotte, North Carolina is the 17th most populous city in the United States and was the nation’s fastest growing city from 2004-2014. During that period, Charlotte established itself as a major economic player in the finance, healthcare technology, energy, shipping, and manufacturing sectors.
Home to Bank of America, Microsoft and Wells Fargo’s east coast headquarters, Lowe’s, Chiquita, Coca-Cola, Meineke, and more, Charlotte is a major economic player across a wide variety of services and industries. With an annual GDP of nearly $170 billion, the city is continuing to grow and prosper, topping the nation in the number of young professionals added to the city’s population in recent years. For businesses looking to expand to the city, office and commercial real estate rates are good at only $32 per square foot/year.
The city has demonstrated an aggressive commitment to revitalizing its downtown core and nearly 50 construction and redevelopment projects are currently underway along the primary rail line. Combined with a healthy housing and job market, the city is continuing to grow at a record pace, bringing in new and highly qualified talent to this east coast economic hub.
Trends of Charlotte
As with many major U.S. cities undergoing a transitional phase from manufacturing and industry to high-tech and professional services, Charlotte is experiencing a boom that’s driving up home prices and further gentrifying the city. Rapidly becoming a critical hub for trucking, freight, and warehouse storage, Charlotte’s primary growth sectors are more diverse than other cities growing at the same size, allowing for greater flexibility and diversity in the job market. That being said, the limitations in larger-scale warehouse facilities is more apparent and competitive here compared to other modern U.S. cities.
Where to Rent Office Space in Charlotte
As with many cities on the east coast, Charlotte’s primary hub for business and commerce is centered around the city’s center. Companies who wish to maintain a high visibility and profile should consider office space within the confines of the downtown area. However, recent developments in the neighboring Gold District, South End, and the Fourth Ward demonstrate that companies are beginning to expand beyond the central core.
Due to the city’s reputation as an automotive and manufacturing hub, the number of large scale and warehouse spaces available is limited within the city of Charlotte, but the neighboring communities of Scaley Park, Springfield, and Barclay Downs offer larger, more affordable space within easy reach of Charlotte city limits.