Most listings are in the $30's per square foot per year. The Northwest Raleigh region is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the The Triangle market, the Northwest Raleigh region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 353 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the listings in the Northwest Raleigh are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,230 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Northwest Raleigh folk. Commuting under 5 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 Northwest Raleigh.
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