On average, listings lease in the $10's per square foot per year. The East Raleigh region is going through a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the The Triangle market, the East Raleigh submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 60 listings have been listed, so you'll want to check back regularly for new listings. About 10% of the office spaces in the East 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 410 sqft. Most properties in this market are close to 1 floors. Most buildings in this region were built in 1995 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst East Raleigh occupants. Commuting around 20 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 East Raleigh.
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