University Retail

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Mikels & Jones Properties
I represent tenants and can
help you go see this space.
433 Daniels St - 2 Spaces University, Raleigh, NC Close Points Of Interest.
Aug 17
250 - 1,090
sqft
Retail
433 Daniels St - 3 Spaces University, Raleigh, NC Close Points Of Interest.
Aug 17
1,650 - 2,350
sqft
Retail

University

Market Report

Number of Listings
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,110

University Rates

The typical asking rate per listing is in the $20's per square foot per year. The University region is seeing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 18% rise in rent.

Compared to the rest of the The Triangle market, the University region has higher rates, and you'll need to make a great offer to be in this hot region.

University Listing Supply

In the last 90 days, 122 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available leases in the University are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,110 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1965 and are Class B.

University Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst University residents. Commuting under 5 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 University.
Research