Winston-Salem Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Winston-Salem is $18.66 per square foot, 3.41% higher compared to the previous year.
  • The average sale price for office space in Winston-Salem is $83.94 per square foot, marking an increase of 11.20% compared to 2024.
  • The market’s vacancy rate stands at 13.29%, lower than the state average of North Carolina, which is 18.06%.
  • Renting Class A/A+ office space here costs $20.49 per square foot, while Class B averages $19.50 and Class C stands at $14.85.

2025 Office Space Rent & Sales

  • $18.66 2025 Avg. Asking Rent
  • 3.41% Y-o-Y Avg. Asking Rent Change
  • 13.29% 2025 Office Vacancy Rate
  • $90.6M2025 Total Office Sales
  • $83.94Avg. Sale Price/SF

What is the average asking rent price for office space in Winston-Salem?

Average asking rents for office space here stand at $18.66 per square foot. The local office market recorded an average vacancy rate of 13.29% in 2025, unchanged from 13.29% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $90.6M across 8 sales. These transactions commanded an average sale price per square foot of $83.94.

Winston-Salem, NC Office Asking Rents by Class

What is the average office rent per square foot by property class in Winston-Salem?

  • Avg. Asking Rent Class A & A+$20.49
  • Avg. Asking Rent Class B$19.50
  • Avg. Asking Rent Class C$14.85

The average asking rent for Class A and A+ office space stood at $20.49 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Winston-Salem averaged $19.50 per square foot, while the average for Class C space was $14.85 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.

Winston-Salem, NC Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Winston-Salem was Winston-Salem CBD at 11.36%. Meanwhile, the highest office vacancy rate in the market was 28.84%, recorded in North Winston-Salem.
Submarket Asking Rents Vacancy Rates
West Winston-Salem $23.02 15.20%
South Winston-Salem $19.65 12.01%
West Forsyth County $18.74 18.57%
Winston-Salem CBD $18.54 11.36%
North Winston-Salem $14.54 28.84%
Data provided by Yardi Research

Explore Top Office Markets in North Carolina

2025 Office Sales Volume

  • $83.942025 Avg. Price per SF
  • 11.20%Y-o-Y Avg. PpSF Change
  • $90.6M2025 Office Sales Volume
  • 82025 Number of Transactions

What is the average sale price per square foot for office space in Winston-Salem?

Average sale prices for office space in this market recorded a +11.20% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $83.94 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.

Winston-Salem, NC Sale Price per SF Trend

  • Winston-Salem Avg. Sale Price per SF in 2025$83.94
  • North Carolina Avg. Sale Price per SF in 2025$176.47

What was the total office sales volume in Winston-Salem in 2025?

The local office market recorded 8 deals in 2025, adding up to a yearly sales volume of $90.6M.

  • Winston-Salem, NC Total Office Sales Volume in 2025 $90.6M
  • Winston-Salem, NC Total Number of Office Sales Closed in 2025 8
Data provided by Yardi Research

Office Construction in Winston-Salem, NC

What are the largest recent office completions in Winston-Salem?

The largest recent office completion here is One West Fourth Street at 461,500 square feet, completed in 2002. The next largest completions are 525 @ Vine and 110 Oakwood Drive.

Office building Address SF Completed
751 West 4th Street 751 West 4th Street, 27101 51,942 2014
525 @ Vine 525 Vine St, 27101 232,000 2013
1393 Carrollton Crossing Drive 1393 Carrollton Crossing Drive, 27284 9,445 2009
Golding Center 6010 Golding Center Drive, 27103 50,000 2008
Trader’s Row 530 North Trade Street NW, 27101 65,180 2007
1617 NC 66 S 1617 NC 66 S, 27284 13,878 2006
Saddle Seat Executive Park 2245-2290 Premier Park Lane, 27105 7,900 2004
One West Fourth Street 1 West 4th Street, 27101 461,500 2002
110 Oakwood Drive 110 Oakwood Drive, 27103 113,850 2001
185 Kimel Park Drive 185 Kimel Park Drive, 27103 29,856 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.