Report | Charlotte Office Insight - Q4 2015
Development across the Queen City is on the rise for the first time in the past five years, with the CBD seeing an especially big jump compared to other submarkets.
Charlotte's jump in demand predictably pushed asking rates even higher in Q4. Currently, average rent is just over $23 p.s.f—a number we expect to remain steady over the foreseeable future.
Overall sales activity was also strong to finish 2015 with more than 1.8 million square feet being traded—including the $71.6 million sale of 121 West Trade Street to Lincoln Property Company.
Learn more about what's happening—and what we expect to occur in the coming months—in the Charlotte office market in our Q4 US Office Insight.
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