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Charlotte Creative Office Fast Five

Will Propst • 2/17/2020
Charlotte’s creative office market will continue to expand in urban infill areas, especially in Midtown South End.

Charlotte Creative Office Fast Five Facts

  • 1 msf (million square feet) of creative office space was absorbed in 2019
  • The average gross asking rent for creative office is $34.35 psf (per square foot), an 11.5% increase over the past two years
  • There is currently 2.2 msf of creative office under construction, of which 878,000 sf (square feet) is expected to deliver in 2020
  • 1.5 msf delivered in 2019 causing the vacancy rate to increase in the short term to 13.9%
  • Charlotte’s creative office market will continue to expand in urban infill areas, especially in Midtown South End where 1.7 msf is currently under construction

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