Charlotte Market Information - Q2 2026

Market Information
Written By Joe Cherry, IV
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The commercial real estate market in Charlotte is trending positive. Last year marked the first time the market saw an increase in year over year demand (positive net absorption) since 2019.

Through the first half of this year, we continue to see an increase in demand (just over 1 million sf of positive net absorption). SouthPark, Downtown, and Midtown/SouthEnd are responsible for the majority of this additional demand.

At this pace, additional demand will exceed 2019 year over year additional demand, which was just over 1.6 million square feet. This would mark a significant shift in demand and overall market sentiment in Charlotte. The final months of 2026 will confirm or deny this move.

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Joe Cherry, IV

Joe joined Cherry Associates in 2015. He is a former Army Infantry Officer and has been a member of the Cherry Associates team for 9 years. Prior to his entry into the Service, he graduated from the Kenan Flagler School of Business at the University of North Carolina at Chapel Hill. He currently leads two of Cherry Associates’ portfolio accounts that are serviced through the company's real estate portfolio management platform. One of these accounts is a publicly-traded, industrial conglomerate with a global reach; the other is an AmLaw 100 law firm with a national presence.

In addition to servicing these accounts, Joe assists in the representation of existing Cherry Associates Clients, along with cultivating new relationships for the company. Joe's strengths are in providing precision service at a level that is uncommon in our industry, making him a highly valued member of the Cherry Associates team.

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