Charlotte Office Market Snapshot Released
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Lack of job growth in the area has stifled demand and led to an increase in the overall vacancy rate in the market, which is now up to 15.9 percent, according to the fourth quarter Charlotte Office Snapshot from Cushman & Wakefield | Thalhimer.
The report can be read in its entirety by clicking on the Full Screen button at the bottom of the SCRIBD document below.
Pending job cuts in the financial services sector, specifically Bank of America, could result in additional space coming on the market soon.
Recently published unemployment rates report that the current unemployment in the Charlotte MSA is 10.7% as of the end of September 2011, which is down from a high of 11.4% reported in the third quarter of 2010, but still above the national average of 8.6%.
