Central Raleigh Office Space

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Mikels & Jones Properties
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127 W Hargett St - 3 Spaces Raleigh, NC rate negotiable
Sep 15
2,350 - 2,690
sqft
Office Retail
127 W Hargett St - 2 Spaces Raleigh, NC rate negotiable
Jun 10
410 - 2,350
sqft
Office
434 Fayetteville St - 5 Spaces Raleigh, NC HVAC
Jun 07
1,550 - 16,500
sqft
Office
127 W Hargett St - 6 Spaces Raleigh, NC rental rate negotiable
Apr 01
1,070 - 5,280
sqft
Office

Central Raleigh

Market Report

Number of Listings
Posted in the last 90 days
21
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
4,730

Central Raleigh Rates

Most listings are in the $40's per square foot per year. The Central Raleigh submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.

Compared to the rest of the The Triangle market, the Central Raleigh submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Central Raleigh Listing Supply

In the last 90 days, 357 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Central 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 4,730 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1935 and are Class A.

Central Raleigh Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Central 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 Central Raleigh.
Research