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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The North Raleigh submarket is seeing a decrease in rates. In the last 3 months, the median rate for lease fell $5 per sqft per year.
Compared to the rest of the The Triangle commercial real estate market, the North Raleigh region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 180 days, 431 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the North Raleigh are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this region were built around 1997 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst North Raleigh residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in North Raleigh.
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