Charlotte office vacancy remains high but job growth hints at future rebound

Charlotte office vacancy remains high but job growth hints at future rebound

Charlotte’s office vacancy rate held at 22.2% in Q2—above the national average—but a surge in office-using jobs, relocations, and halted construction may soon shift the trend. With no major new builds underway, demand is rising for renovated space in older properties, positioning Charlotte for a potential office market rebound.