The Charlotte, NC Office Space Trends for Q4 2022 has just been released by Colliers International, a leading diversified professional services and investment management company, that provides expert real estate and investment advice to clients. Below is a summary and key takeaways from research on Office Space Trends in Charlotte, NC.
“After a surge in leasing activity during the third quarter, the Charlotte office market could not maintain the momentum through the fourth, except for the South End submarket, which posted another quarter of positive absorption. A decline in overall leasing activity and economic uncertainty looms as potential deterrents to growth in the near term.”
• Demand for space in South End shows no signs of slowing, as it led the market in net absorption yet again
• CBD posted negative absorption in Q4, eliminating the ground it had made up from the previous quarter
• Sublease space continues to rise, fueled by major announcements from Robinhood and SCOR
• Numerous occupiers are laying off employees and postponing expansion plans to cut costs in anticipation of a downturn
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