Charlotte Office Market Report

Corporate expansions continue fueling demand. Charlotte’s progress in recent years has been illustrated by office-using employment growth that ranked seventh fastest among major markets since 2023, in part due to corporate relocations to the metro. Firms such as Daimler Truck Financial Services and AssetMark are set to add several hundred office-using roles in the coming year. Citigroup and SoFi have also announced Charlotte expansions, reinforcing near-term demand. Further supporting this, leasing activity in the second half of 2025 nearly matched the pace recorded a year prior, suggesting positive net absorption ahead. Large-scale consolidations have also shown signs of tapering, while properties over 50,000 square feet constituted nearly all the space absorbed in 2025. Smaller formats, however, maintain vacancy near their trailing decade low. Coupled with a sharp pullback in deliveries in 2026, the metro’s vacancy will tighten for a third consecutive year, supporting accelerating rent growth across formats.