Report | Charlotte Law Firm Outlook - 2015
Charlotte metro area law firms are paying increasingly higher prices to secure leases, with rent rising 10 percent over the last 12 months market-wide. Average rents are at their highest marks since 2009, with projections indicating that this will be a landlord-favorable market through 2017.
Financial institutions are increasingly competing with law firms for Trophy and Class A space, with vacancy rates in Uptown currently coming in at 8.2 percent.
Over the next 24 to 30 months, more than 700,000 square feet of Class A space will come onto the market in the CBD as current construction projects are completed, balancing the scales somewhat for tenants.
Our local Law Firm Perspective provides a thorough overview of the Charlotte market to help you better shape your strategy. We explore conditions across Charlotte, from rental rates—including premiums for Trophy space and TI allowances—to demand among professional and business services firms.
(Click here to see an overview of 2015 national law firm trends and market comparisons.)
To access the report, simply complete the form.