North Raleigh Retail

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North Raleigh

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
3,980

North Raleigh Rates

On average, listings lease in the $30's per square foot per year. The North Raleigh submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 19% increase in rent.

Compared to the rest of the The Triangle market, the North Raleigh region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

North Raleigh Listing Supply

In the last 90 days, 431 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available leases in the North Raleigh are subleases, so you will probably have to consider a longer term lease. 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 3,980 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1998 and are Class B.

North Raleigh Community

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 area. Commute by walking is the most popular way to get to work amongst North Raleigh folk. 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 North Raleigh.
Research