Charlotte office market sees surge in new construction

Charlotte office market sees surge in new construction

Construction is booming on new apartments and hotels in Charlotte, and experts are similarly confident that the office market isn’t likely to cool off anytime soon. JLL notes in a recent report that more than 2.3 million square feet of new office space is under construction – near the previous high in 2008 – and pre-leasing activity for new office space is brisk. Asking rents for the new office space coming to market are in the mid- to high $30 per-square-foot range, a new high for the Queen City.

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