Commercial Real Estate in Uptown Charlotte, NC

Charlotte is really comprised by the I-277 loop, which encircles the business district of the city. Uptown Charlotte mostly exists within this loop. 

Historically, Uptown has been dominated by two major banks – The Bank of America (which has their corporate worldwide headquarters in Charlotte) and Wells Fargo (whose regional hub is located in Charlotte). 

The presence of these major banks made the Uptown area an attractive place for retailers to begin coming in. But Uptown isn’t just for retail. In this area, there’s also a good bit of multi-family living product that’s been developed, as well as a plethora of office space. If you’re looking for commercial real estate opportunities, this neighborhood of Charlotte provides lots of options.

Uptown Charlotte is made even more convenient by the light rail, an above-ground street car which runs north to south as well as east to west. It also has a bus system, with the station located in Uptown.

This central district of Charlotte has it all. Residents live here, work here, and shop here. From grocery stores to entertainment, you don’t have to go far to find what you need in this nuclear neighborhood of North Carolina.

Office space in Uptown Charlotte is plentiful. This area is a fast-paced, exciting neighborhood that attracts numerous office workers, and is especially popular for young professionals.

Lease space here in Uptown averages around $30/sf/yr. And office properties available for sale cost around $374/sf.

Office space in Uptown is highly desired because of the updated, high-quality options and the convenience of being right in the city. Most of these buildings are either Class A or Class B. They range in size from 700 square feet all the way up to 500,000+ square foot buildings. Whether you’re looking for a tall office tower or a free standing building, there are plenty of choices in this busy neighborhood.

Just like general industrial space, industrial warehouse real estate takes up too much space to be profitable in the Uptown neighborhood. Although there were some larger, industrial buildings that existed within Uptown, almost all of them have either been torn down or converted into other types of businesses through adaptive reuse.

If you’re looking for retail space in a busy city, Uptown Charlotte has options both for sale and for lease. The retail sector of Uptown primarily supports the office workers who are concentrated in this space. So although it’s not a primary retail destination, the busy streets of Uptown are still a great pace for shopping, restaurants, and breweries. These retail spaces provide convenient access for shoppers, with many of them located right along the main sidewalks of the city. 

Have you ever wondered if your business is getting the best bang for your buck?

We recently worked with a multifamily developer who had two different divisions of their company. 

One division was in 2,000 square foot space, but they needed to expand and prioritize efficiency. 

As we searched, we stumbled upon an excellent property that was 10,000 square feet. It offered a long-term lease, and a generous amount of tenant improvement dollars from the landlord. 

This property was ideal and had favorable lease terms – the client was very happy to be able to expand into a space that better fit their needs.

And to make things even more profitable, they were also able to move their other division – merging the two divisions into one space instead of being separate.

Not only did this mean convenience for the company as a whole, since all 25 office workers could now work together, but it saved them money, since they only had to lease one property. 

With the perfect property, favorable lease terms, and plenty of tenant improvement dollars, this business is thriving in their new space.