401 N Tryon St — Lease in Charlotte, NC

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Charlotte, NC 28202

Description

Commercial property listing from JLL. Property: 401 N Tryon St.

Market Context

This retail in Charlotte, NC is listed for lease. It has been on the market for 166 days. Compare it against other retail listings for lease in Charlotte, NC — view the full market.

As of Q1 2026, the Charlotte retail market showed a 5.5% vacancy rate, average asking rents near $24.76/SF/yr, rents up 5.5% year over year, and cap rates around 5.9%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Charlotte?
About 5.9% as of Q1 2026, per multiple brokerage reports.
Is the Charlotte retail market tightening or softening?
Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$4.22/SF/mo – $5.70/SF/mo

Mid: $4.96/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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