Winston Salem | Bell Davis Pitt

Winston-Salem Office Buildings at Low Vacancy Levels

John A. Cocklereece, Jr.

North Carolina Property Tax Law Monitor

A recent real estate appraisal company's report of the Winston-Salem office building market has found that office vacancies are near their lowest levels in more than 20 years. Asking rents for both Class A and Class B buildings have shown a generally upward trend, according to Michael Clapp & Associates in Winston-Salem, appraisers that work in the Triad and across the state.

More Real Property Metrics in Winston Salem, Greensboro and High Point

February 14, 2017

John A. Cocklereece, Jr.

North Carolina Property Tax Law Monitor

Michael Clapp & Associates in Winston Salem, appraisers that work in the Triad and across the State, periodically prepare reports broken down by property type, discussing various metrics that are useful in analyzing the fair market value of properties. These include rental rates, vacancy rates, etc. Clapp's survey of Office Properties, published in January 2017, showed that vacancies had decreased substantially and asking rents had increased slightly from the previous report.