Charlotte Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Newmark, CBRE, Lee Associates, Colliers
Quarterly office market indicators for Charlotte, aggregated by PropZone from Cushman & Wakefield, Newmark, CBRE, Lee Associates, Colliers. As of Q1 2026, average asking rent was — with a 25.6% vacancy rate.
Projected current office pricing — Charlotte
low confidenceProjected asking rent
$34.19–$35.13/SF/yr
Estimated sale value
$154–$205/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q3 2025 multiple brokerages data (cap rate 8.0%, asking rent trend-adjusted to today). Assumes ~72% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 25.6% | 0K SF | — | Cushman & Wakefield |
| Q4 2025 | — | 27.7% | 96K SF | — | Newmark |
| Q4 2025 | — | — | — | 401K SF | CBRE |
| Q4 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q3 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q3 2025 | $34.19/SF | 28.5% | 45K SF | — | Newmark |
| Q2 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q1 2025 | $34.06/SF | — | — | — | Newmark |
| Q4 2024 | $33.99/SF | — | — | — | Newmark |
| Q4 2024 | — | — | -3K SF | — | Cushman & Wakefield |
| Q2 2024 | $34.40/SF | — | — | — | Newmark |
| Q1 2024 | $33.64/SF | — | — | — | Newmark |
| Q4 2023 | $33.38/SF | — | — | — | Newmark |
| Q3 2023 | — | — | 0K SF | — | Cushman & Wakefield |
| Q3 2023 | $33.51/SF | — | — | — | Newmark |
| Q3 2023 | — | 14.2% | 1.2M SF | — | Lee Associates |
| Q1 2022 | $12.00/SF | — | 120K SF | — | Newmark |
| Q4 2020 | — | — | 0K SF | — | Cushman & Wakefield |
| Q2 2020 | — | — | 3K SF | — | Cushman & Wakefield |
| Q2 2017 | $30.00/SF | — | 957K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for office space in Charlotte?
- PropZone aggregates office asking-rent data for Charlotte from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the office vacancy rate in Charlotte?
- The office vacancy rate in Charlotte was 25.6% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Charlotte market data come from?
- This report aggregates quarterly office market data for Charlotte from Cushman & Wakefield, Newmark, CBRE, Lee Associates, Colliers.
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