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High Point Office Rent Price & Sales Report

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%
Data provided by Commercial Edge
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 9.59% in 2021. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in High Point was 4.09% in the High Point - SW Guilford County submarket, while the highest office vacancy in the market was 15.87%, recorded in Airport - NW Guilford County.

Office Spaces for Rent in North Carolina

  • Charlotte Office Space
  • Raleigh Office Space
  • Durham Office Space
  • Greensboro Office Space
  • Winston - Salem Office Space
  • Cary Office Space
  • Morrisville Office Space
  • Wilmington Office Space
  • Asheville Office Space
  • Chapel Hill Office Space
  • High Point Office Space
  • Apex Office Space
  • Concord Office Space
  • Huntersville Office Space
  • Mooresville Office Space

Coworking Spaces in North Carolina

  • Atlanta Coworking Space
  • Chicago Coworking Space
  • Washington Coworking Space
  • Miami Coworking Space
  • Charlotte Coworking Space
  • Raleigh Coworking Space
  • Durham Coworking Space
  • Asheville Coworking Space
  • Chapel Hill Coworking Space
  • Cary Coworking Space
  • Greensboro Coworking Space
  • Wake Forest Coworking Space
  • Wilmington Coworking Space
  • Winston - Salem Coworking Space
  • Burlington Coworking Space
  • Concord Coworking Space
  • Fuquay Varina Coworking Space
  • Holly Springs Coworking Space
  • Huntersville Coworking Space
  • Shelby Coworking Space

2021 Office Construction in High Point, NC

  • High Point, NC Total SF under construction in 2022 36,000
Largest Office Properties Recently Completed in High Point
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.

Data provided by Commercial Edge

See reports for other markets

  • Charlotte Office Rent Price
  • Raleigh Office Rent Price
  • Durham Office Rent Price
  • Cary Office Rent Price
  • Morrisville Office Rent Price
  • Greensboro Office Rent Price
  • Chapel Hill Office Rent Price
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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.

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