Charlotte, North Carolina, December 12, 2025
Charlotte, North Carolina is leading the country in high-end office space growth, propelled by substantial expansions from financial firms. Recent years have shown a surge in demand for premium office spaces, with significant investments and job additions from companies like Citigroup and EY. This trend solidifies Charlotte’s stature as a rising financial hub, promoting economic growth and job creation in the region.
Charlotte Tops Nation in High-End Office Space Growth
Charlotte, North Carolina – Charlotte has emerged as a national leader in high-end office space absorption, driven by significant expansions from financial services firms. In the past year, the city has seen substantial growth in demand for premium office spaces, underscoring its status as a burgeoning financial hub.
Key Developments
- Citigroup Expansion: Citigroup Technology plans to add up to 510 workers at a new hub in Charlotte, with an investment of $16.1 million by the end of 2027.
- AssetMark Financial Holdings: AssetMark Financial Holdings plans to add up to 252 jobs in Charlotte.
- Moore & Van Allen: Moore & Van Allen signed a 15-year lease for 206,000 square feet across the top nine floors of the Queensbridge Collective building.
- Pacific Life Insurance Company: Pacific Life Insurance Company signed a lease for 68,000 square feet of space for 301 Charlotte employees, expected to occupy the space beginning in 2028.
- Ernst & Young (EY): EY signed a lease for 45,000 square feet across two floors in the Queensbridge Collective building, with plans to open the location in late 2025.
Market Performance
Charlotte’s office market has demonstrated resilience, with positive net absorption and a steady vacancy rate. The city’s strategic investments and favorable business climate have attracted numerous financial services firms, contributing to the robust demand for high-end office spaces.
Background
Charlotte has long been recognized as a major financial center, housing the headquarters of Bank of America and Truist Financial. The city’s economic landscape has been further bolstered by recent expansions and investments from leading financial institutions, solidifying its position as a key player in the financial services sector.
Frequently Asked Questions (FAQ)
What is driving the demand for high-end office spaces in Charlotte?
The demand is primarily driven by significant expansions from financial services firms, including Citigroup Technology and AssetMark Financial Holdings, which are adding hundreds of jobs and investing millions into the city’s economy.
Which companies are expanding their operations in Charlotte?
Notable companies expanding in Charlotte include Citigroup Technology, AssetMark Financial Holdings, Moore & Van Allen, Pacific Life Insurance Company, and Ernst & Young (EY).
How has Charlotte’s office market performed recently?
Charlotte’s office market has shown resilience, with positive net absorption and a steady vacancy rate, indicating strong demand for office spaces.
What is the significance of these developments for Charlotte’s economy?
These developments underscore Charlotte’s growing prominence as a financial hub, attracting major financial institutions and contributing to job creation and economic growth in the region.
Key Features of Charlotte’s Office Market Expansion
| Feature | Details |
|---|---|
| Major Expansions | Citigroup Technology and AssetMark Financial Holdings are adding hundreds of jobs and investing millions into Charlotte. |
| Leasing Agreements | Moore & Van Allen, Pacific Life Insurance Company, and Ernst & Young (EY) have signed significant leases in the Queensbridge Collective building. |
| Market Performance | Charlotte’s office market has demonstrated resilience with positive net absorption and a steady vacancy rate. |
| Economic Impact | The expansions and investments are contributing to job creation and economic growth in the region. |
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Author: HERE Charlotte
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