The new year brought with it the lowest level of unemployment seen in nearly 17 years. Over 200,000 new jobs were added to the market leaving unemployment at an unchanged rate of 4.1%, adding the largest gain in wages since the end of the Great Recession.
Charlotte
Charlotte Office Property – 2017 Market Review
Charlotte’s Office market this past year has shown to be reliably stable with office sales in the fourth quarter of 2017 exceeding $294.1 million and totaling over 1.2 million sq ft. According to a report done by Colliers, Charlotte’s commercial real estate market continues to drive a strong demand for office spaces, especially those that are Class A properties with prices reaching up to $32.46 per square foot.