Greensboro Commercial Real Estate Market
Greensboro's strategic position at the intersection of I-40 and I-85 — the two primary freight corridors connecting the Eastern Seaboard to the Midwest — has established the city as a logistics and distribution hub that punches above its weight class. The Piedmont Triad International Airport's cargo operations, FedEx Ground's regional hub, and Amazon's growing distribution presence create industrial demand that keeps warehouse vacancy among the lowest in the state outside of Charlotte.
Beyond logistics, Greensboro's economy is diversifying through healthcare expansion led by Cone Health and Moses Cone Hospital, professional services growth in the downtown corridor, and manufacturing modernization. The University of North Carolina at Greensboro and NC A&T State University contribute a combined 30,000+ students and significant research activity. This institutional presence stabilizes demand for nearby commercial properties and creates a pipeline of young professionals who support retail and housing development.
Greensboro offers investors higher yields than Charlotte or Raleigh — typically 100 to 200 basis points more — while still providing the economic fundamentals of a metro area approaching one million people. This yield advantage attracts value-oriented investors, 1031 exchange buyers from higher-priced markets, and regional operators looking to build portfolios. For sellers, this means a motivated buyer pool that understands Greensboro's value proposition and moves quickly on well-priced properties.
Top Property Types in Greensboro
Industrial / Warehouse
Greensboro's I-40/I-85 interchange gives industrial properties here a logistics advantage that few NC markets can match. Distribution centers, freight consolidation facilities, and light manufacturing operations compete for space along the Wendover Avenue, Landmark Center, and PTI airport corridors. FedEx, Amazon, and regional third-party logistics companies anchor tenant demand. Properties with modern clear heights (28'+), dock-high loading, and trailer parking command the strongest buyer interest.
Retail (Strip Center)
Cone Health and Moses Cone Hospital anchor a healthcare ecosystem that employs thousands and generates sustained demand for medical office, outpatient surgery centers, and specialty clinics throughout Greensboro. Properties along Elm-Eugene Street, Battleground Avenue, and near the Wendover medical corridor see low vacancy and stable rents. Multi-tenant medical buildings with diversified specialty mixes attract the most competitive bidding from investors.
Office
Greensboro's retail landscape is defined by established corridors — Friendly Center, Battleground Avenue, Wendover Avenue, and the revitalizing downtown — each serving distinct demographic profiles. Grocery-anchored centers with Harris Teeter, Publix, or Food Lion anchors remain the most liquid retail asset class. Downtown Greensboro's ongoing revitalization, including the Tanger Center performing arts venue, is creating new demand for restaurant and experiential retail space.
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Greensboro cap rates are generally higher than Charlotte and Raleigh, reflecting stronger yields for investors. Industrial properties near I-40/I-85 command the best pricing.
Why Greensboro Property Owners Work With John Salony
Dual Expertise
Most CRE agents don't understand business valuations. Most business brokers don't do real estate. John does both, giving you a complete picture of your property's value.
No Wasted Time
Pre-qualified buyers. Realistic pricing from day one. Clean financials and marketing materials that attract serious offers, not tire-kickers.
Confidential Process
Your tenants, employees, and competitors won't know you're selling until you're ready. Every step is managed with discretion.
Success-Based Fee
You pay nothing upfront. John's fee is earned only when your property sells. Your interests are fully aligned.
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