2021 Office Space Rent & Sales
- $19.19 2021 Avg. Asking Rent
- 9.59% 2021 Office Vacancy Rate
High Point office price per square foot in 2021 was $19.19 on average. The local office market recorded an average vacancy rate of 9.59% across all asset classes combined.
Average Rent by Office Class
2021 Average Office Rent per Square Foot
- High Point Class A & A+ Office Space$23.69
- High Point Class B Office Space$17.45
- North Carolina Class A & A+ Office Space$30.03
- North Carolina Class B Office Space$23.99
- North Carolina Class C Office Space$18.96
High Point, NC Office Asking Rents by Class
2021 Office Vacancy Rates in High Point
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
High Point - SW Guilford County | $22.73 | 4.09% |
Airport - NW Guilford County | $17.95 | 15.87% |
Coworking Spaces in North Carolina
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2021 Office Construction in High Point, NC
- High Point, NC Total SF under construction in 2022 36,000
Office building | Address | SF | Completed |
---|---|---|---|
Premier Center - 2485 Penny Road | 2485 Penny Road, 27265 | 47,592 | 2014 |
2021 Eastchester Drive | 2021 Eastchester Dr, 27265 | 7,200 | 2014 |
3975 Premier Dr | 3975 Premier Dr, 27265 | 94,401 | 2012 |
2017 Eastchester Drive | 2017 Eastchester Dr, 27265 | 7,172 | 2010 |
1114 EASTCHESTER DRIVE | 1114 EASTCHESTER DRIVE, 27265 | 16,200 | 2007 |
Premier One | 3980 Premier Drive, 27265 | 63,650 | 2005 |
1701 & 1703 Westchester Drive | 1703 Westchester Drive, 27262 | 176,908 | 2003 |
4035 Premier Drive | 4035 Premier Drive, 27265 | 37,526 | 1999 |
Building B | 4090 Premier Dr, 27265 | 53,053 | 1997 |
Building A | 4050 Premier Dr, 27265 | 50,958 | 1997 |
Worth noting among recent office completions on the High Point market is Premier Center - 2485 Penny Road, which is currently the largest new office development in the city, at 47,592 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all High Point commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.