The typical asking rate per listing is in the $30's per square foot per year. The Southwest Raleigh region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the The Triangle market, the Southwest Raleigh region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 335 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the available space in the Southwest 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 3,400 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 1996 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Southwest Raleigh residents. 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 Southwest Raleigh.
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