Charlotte Q1 2022 Office Insight

Decisions across Charlotte’s office market continued in Q1 as the metro’s largest occupiers returned to the office.

Leasing activity nearly doubled quarter-over-quarter, with suburban activity accounting for a large portion of movement in the market.
While absorption decreased in Q1, leasing volume is expected to remain high as decisions put on-hold during the pandemic appear to be moving forward.
The flight-to-quality trend will exacerbate a widening gap in asset classes as new construction delivers A++ and Trophy product. This provides an opportunity for older buildings to offer discounted opportunities and increase tenant diversity in the urban core.

For more on Charlotte’s office market and the trends to look for in Q2 and beyond, download JLL’s Q1 2022 Charlotte Office Insight report.

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