North Raleigh Industrial

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North Raleigh

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,980

North Raleigh Rates

Most listings are in the $30's per square foot per year. The North Raleigh region is experiencing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 19% rise in rent.

Compared to the rest of the The Triangle market, the North Raleigh region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

North Raleigh Listing Supply

In the last 90 days, 431 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the North Raleigh are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,980 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1998 and are Class B.

North Raleigh Community

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 market. Commute by walking is the most popular way to get to work amongst North Raleigh occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in North Raleigh.
Research