For the most recent Office Markets Ranking Report, 100 of the largest markets were compared based on CommercialEdge, CoworkingCafe, and Yardi Matrix data on asking rents, vacancy, construction pipeline, evolution of the coworking space scene, upcoming loan maturities, and more.
The 100 markets were divided into two groups (large and mid-sized) based on whether each market was larger or smaller than 100 million square feet, and ranked those for which data was available on all metrics.
Here are some of the key highlights:
Charlotte got the 10th-highest ranking score among the country’s mid-sized markets in 2024’s fourth quarter, earning a total of 53.3 points.
- Charlotte placed among the top 10 in this group of markets, for the percentage of office stock under construction at the start of Q1 2025 — 1.5%, which translates to 1,296,657 square feet.
- The 42,559 square feet of coworking space added to the office segment since Q3 brought the total to 1,538,948 square feet of coworking space in Q4 2024.
Overall, California and the East Coast yielded six of the 10 best-scoring large office markets in Q4 2024, with Boston and San Diego in the lead. Meanwhile, more than half of the best-ranking mid-sized office markets in Q4 hailed from the Southern U.S. region, three of them from Florida alone.
You can find more information about this topic in our full study here: https://www.commercialcafe.
