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On average, commerial real estate listings lease in the $20's per square foot per year. The North Raleigh region is seeing a decrease in rates. In the last 3 months, the median rate for lease decreased $1 per sqft per year.
Compared to the rest of the The Triangle commercial real estate market, the North Raleigh submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 431 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. 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 1,010 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built close to 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 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.
Real time and historical data on commercial real estate listings in North Raleigh.
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