Greensboro Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Greensboro is $20.23 per square foot, 3.27% higher compared to the previous year.
  • The market’s vacancy rate stands at 20.27%, higher than the state average of North Carolina, which is 18.06%.
  • Renting Class A/A+ office space here costs $26.67 per square foot, while Class B averages $19.14 and Class C stands at $14.28.
  • 187,014 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $20.23 2025 Avg. Asking Rent
  • 3.27% Y-o-Y Avg. Asking Rent Change
  • 20.27% 2025 Office Vacancy Rate
  • $13.5M2025 Total Office Sales
  • $52.19Avg. Sale Price/SF

What is the average asking rent price for office space in Greensboro?

Average asking rents for office space here stand at $20.23 per square foot. The local office market recorded an average vacancy rate of 20.27% in 2025, unchanged from 20.27% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $13.5M across 4 sales. These transactions commanded an average sale price per square foot of $52.19.

Greensboro, NC Office Asking Rents by Class

What is the average office rent per square foot by property class in Greensboro?

  • Avg. Asking Rent Class A & A+$26.67
  • Avg. Asking Rent Class B$19.14
  • Avg. Asking Rent Class C$14.28

The average asking rent for Class A and A+ office space stood at $26.67 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Greensboro averaged $19.14 per square foot, while the average for Class C space was $14.28 per square foot.

What is the average office rent per square foot by property class in NC?

  • Avg. Asking Rent Class A & A+$34.61
  • Avg. Asking Rent Class B$27.56
  • Avg. Asking Rent Class C$18.16

For comparison, the average rent for Class A and A+ office space in North Carolina was $34.61 per square foot. The state-wide average for Class B space was $27.56 per square foot, and Class C office spaces averaged $18.16 per square foot.

Greensboro, NC Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Greensboro was West Greensboro at 16.14%. Meanwhile, the highest office vacancy rate in the market was 82.93%, recorded in South Greensboro.
Submarket Asking Rents Vacancy Rates
North Greensboro - North Guilford County $26.16 17.84%
Greensboro CBD $24.32 23.57%
Airport - NW Guilford County $21.32 38.98%
High Point - SW Guilford County $18.24 46.95%
West Greensboro $17.55 16.14%
South Greensboro $16.27 82.93%
Data provided by Yardi Research

Explore Top Office Markets in North Carolina

2025 Office Sales Volume

  • $52.192025 Avg. Price per SF
  • $13.5M2025 Office Sales Volume
  • 42025 Number of Transactions

What is the average sale price per square foot for office space in Greensboro?

Average sale prices for office space in this market recorded a -81.05% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $52.19 per square foot. For comparison, the statewide North Carolina average during the same time period stood at $176.47 per square foot, while the national average was $182.48 per square foot.

Greensboro, NC Sale Price per SF Trend

  • Greensboro Avg. Sale Price per SF in 2025$52.19
  • North Carolina Avg. Sale Price per SF in 2025$176.47

What was the total office sales volume in Greensboro in 2025?

The local office market recorded 4 deals in 2025, adding up to a yearly sales volume of $13.5M.

  • Greensboro, NC Total Office Sales Volume in 2025 $13.5M
  • Greensboro, NC Total Number of Office Sales Closed in 2025 4
Data provided by Yardi Research

2025 Office Construction in Greensboro, NC

  • Greensboro, NC Total SF completed in 2025 156,000
  • Greensboro, NC Total SF under construction in 2026 187,014

How much office space was built in Greensboro in 2025?

156,000 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 156,000 square feet.

Looking forward, development activity in 2026 is estimated to add 187,014 square feet of office space to the market in total.

What are the largest recent office completions in Greensboro?

The largest recent office completion here is 400 Bellemeade St at 110,306 square feet, completed in 2021. The next largest completions are Green Valley Office Park and Church Street Medical Center.

Office building Address SF Completed
400 Bellemeade St 400 Bellemeade St, 27401 110,306 2021
2800 Lawndale Drive 2800 Lawndale Drive, 27408 67,665 2017
3907 N Elm Street 3907 N Elm St, 27455 4,796 2005
Church Street Medical Center 1126 N Church St, 27401 69,770 2003
Lake Jeanette Station 3610 N. Elm Street, 27455 17,250 2003
Apex Dental Lab | NNN Investment Asset 707 Sunshine Way, 27409 15,825 2002
Green Valley Office Park 804 Green Valley Rd, 27408 75,000 2001
212 South Elm Street 212 South Elm Street, 27401 45,310 2001
709 E Market St 709 E Market St, 27401 29,792 2001
6 N Pointe CT 6 N Pointe CT, 27408 13,932 2001
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.