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
| 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% |
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
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?
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 Lake Jeanette Office Park at 120,000 square feet, completed in 2001. The next largest completions are 400 Bellemeade St and Green Valley Office Park.
| 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 |
| Lake Jeanette Station | 3610 N. Elm Street, 27455 | 17,250 | 2003 |
| Apex Dental Lab | NNN Investment Asset | 707 Sunshine Way, 27409 | 15,825 | 2002 |
| Lake Jeanette Office Park | 3810 North Elm Street, 27455 | 120,000 | 2001 |
| Green Valley Office Park | 804 Green Valley Rd, 27408 | 75,000 | 2001 |
| 709 E Market St | 709 E Market St, 27401 | 29,792 | 2001 |
| 4270 Piedmont Pkwy | 4270 Piedmont Pkwy, 27410 | 25,131 | 2001 |
| 6 N Pointe CT | 6 N Pointe CT, 27408 | 13,932 | 2001 |
See reports for other markets
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- Raleigh Office Rent Price
- Durham Office Rent Price
- Winston-Salem Office Rent Price
- Cary Office Rent Price
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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.