Office-space construction is occurring at a dizzying pace in downtown Charlotte, much of it centered on a four-block radius on the district’s southern edge. A survey by real-estate services giant JLL confirms the unusual amount of activity: New construction in central Charlotte topped 2.3 million square feet at the end of 2018, more than any peer city. Much larger markets, including Boston, Dallas and Denver, had less than 1.5 million square feet underway.
Researchers also study how much new space is being added as a percentage of existing inventory. By that measure, Raleigh and Durham rank first nationally, while Charlotte is fifth.
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