Charlotte Office Figures Q2 2026

Charlotte’s office market continued to improve during the quarter, supported by steady leasing activity, positive absorption, and ongoing rent growth. Net absorption remained positive for the third consecutive quarter, as elevated occupancy remains unchanged. Uptown recorded its lowest vacancy rate in more than three years. Leasing momentum was driven by several large occupier commitments, including Capital Group’s 197,000 sq. ft. lease and Sumitomo Mitsui Banking’s 193,000 sq. ft. transaction in Uptown, helping push overall leasing activity to nearly 1.4 million sq. ft. Average asking rents increased to $36.95 per sq. ft., reflecting continued lift by prime assets, where rental growth has outpaced typical annual escalations and prime available vacancy now is below 4%. Prime asking rates reached $59.14 per sq. f.t recording a 12.9% increase year-over-year.

Market fundamentals remain supported by stable concession packages, new-to-market tenants relocating to Charlotte, higher than average leasing activity, and tightening availability in the Prime office sector during the second half of the year.