Charlotte anticipates mixed-use boom as tenant demand shifts towards amenities and accessibility
Charlotte’s office culture is changing.
February 03, 2020
- The demand for CBD office space has shifted towards developments with immediate amenities and easy accessibility. As suburban submarkets work to meet this demand, owners and developers focus on place-making in non-urban areas. Employees are focusing on the livability of office markets, and employers are using amenities in the fight to attract and retain top talent.
- While change may be slow to implement, the wave of mixed-use projects on the horizon in Charlotte are unprecedented. Developers are looking to mix uses to create town centers in suburban markets and stitch together key locations in Charlotte’s urban submarkets.
- Waverly, The RailYard, and Vantage South End are the most notable mixed-use developments to date, with interest reaching out to the University, Airport, and North/I-77 submarkets. Between in-market and new-to-market tenant demand, companies like The Remi Group, AllState, and Lending Tree will occupy most of this newer mixed-use office space as it delivers.
Source: JLL Research