High Point Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $21.09 2024 Avg. Asking Rent
  • 15.24% 2024 Office Vacancy Rate

High Point office price per square foot in 2024 was $21.09 on average. The local office market recorded an average vacancy rate of 15.24% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • North Carolina Class A & A+ Office Space$34.49
  • North Carolina Class B Office Space$26.63
  • North Carolina Class C Office Space$19.48

High Point, NC Office Asking Rents by Class

2024 Office Vacancy Rates in High Point

Submarket Asking Rents Vacancy Rates
Airport - NW Guilford County $19.88 29.98%
High Point - SW Guilford County $19.50 25.11%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the High Point market was 15.24% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in High Point was 25.11% in the High Point - SW Guilford County submarket, while the highest office vacancy in the market was 29.98%, recorded in Airport - NW Guilford County.

Office Spaces for Rent in North Carolina

Coworking Spaces in North Carolina

2024 Office Construction in High Point, NC

Largest Office Properties Recently Completed in High Point
Office building Address SF Completed
2485 Penny Rd 2485 Penny Rd, 27265 47,592 2014
1400 Eastchester Dr 1400 Eastchester Dr, 27265 10,000 2008
10564 N Main St 10564 N Main St, 27263 1,700 2007
3911 Fountain Grove Drive 3911 Fountain Grove Dr, 27265 8,350 2006
Premier Center 3980 Premier Dr, 27265 63,366 2005
2312 S Main St 2312 S Main St, 27263 1,620 2004
Mendenhall Oaks Business Park - Lakeside I 4100 Mendenhall Oaks Pkwy, 27265 55,250 2001
1301 Eastchester Drive 1301 Eastchester Dr, 27265 8,596 2000
808 West English Road 808 West English Road, 27262 3,974 2000
1403 Eastchester Dr 1403 Eastchester Dr, 27265 2,600 1999

Worth noting among recent office completions on the High Point market is 2485 Penny Rd, which is currently the largest new office development in the city, at 47,592 square feet.

Data provided by Yardi Research

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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.