Commercial Real Estate Market in Greensboro, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
571 active listings and 7,364 off-market properties in Greensboro, NC. Commercial property asks $152/SF to buy and $14.40/SF/Yr to lease.
Market Trends
Greensboro, NC spans 230.4 square miles in Guilford County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greensboro, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Greensboro, NC runs 4% in 2025, down from 6% in 2020. Down from a 2021 peak of 6.5%.
Vacancy Rate %
Industrial
Industrial vacancy in Greensboro, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Greensboro, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 52%
- Industrial 18.8%
- Civic 15%
- Planned_development 8%
- Mixed use 4.1%
- Commercial 2%
Largest Zones share of zoned land by district
Residential Single Family 3
Residential Single Family 5
Parkland And Natural Resource Areas
Planned Unit Development
Heavy Industrial
Greensboro, NC zones 90,707 acres across 46 districts. Commercial zoning covers 2% of zoned land, residential 52% and industrial 18.8%. The largest single district is Residential Single Family 3 at 22.5%. For commercial buyers the practical constraint is that only 20.8% of land carries a commercial or industrial designation.
Residential Single Family 3 (R-3)
The R-3, Residential Single family district is primarily intended to accommodate low density single family detached residential development.
Market overview
Demographics & Economy
Greensboro, NC has 334,723 residents in 148,806 households. Density runs 1,453 people per square mile. Median household income here is $64,621 and median gross rent $1,118 a month.
334,723
Population
148,806
Households
2.2
Avg Household Size
36
Median Age
39%
College-Educated
90%
High-School Grad
230.4 sq mi
ZIP Area
1,453
Density / Sq Mi
$64,621
Median Household Income
$37,629
Median Earnings
$1,118
Median Rent
$224,805
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.40/SF/Yr lease vs $152/SF buy → buying wins if held > 1.5 years.
At a 9.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Spring Valley | — | — |
| Summit | — | — |
| Mount Zion | — | — |
| Sedgefield | — | — |
Commercial property in Greensboro, NC asks $152/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greensboro?
Commercial property in Greensboro, NC asks an average of $152 per square foot. The 4 most recent recorded sales traded at a median of $123/SF, so asking sits 23% above the achieved median.
How much does it cost to lease commercial space in Greensboro?
Asking lease rates in Greensboro, NC average $14.40 per square foot per year.
Is it cheaper to lease or buy commercial space in Greensboro?
Buying beats leasing in Greensboro, NC if the property is held longer than 1.5 years, comparing $14.40/SF/Yr asking rent with $152/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Greensboro?
Greensboro, NC zones 90,707 acres across 46 districts, of which 2% is commercial and 18.8% industrial. The largest single district is Residential Single Family 3 at 22.5% of zoned land. The R-3, Residential Single family district is primarily intended to accommodate low density single family detached residential development. Residential zoning covers 52% and open space 0%.
Where does Realmo's Greensboro market data come from?
Realmo compiles Greensboro, NC figures from 5 recent recorded sales, 413 active sale listings, 158 active lease listings, 7,364 tracked off-market properties, the current Greensboro zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 413 active for-sale and 158 active for-lease listings in Greensboro, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 90,707 zoned acres across 46 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, industrial vacancy is reported at South region level and multifamily vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
