On average, listings lease in the $20's per square foot per year. The Raleigh submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the The Triangle market, the Raleigh submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 2546 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the available leases in the Raleigh are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,970 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1986 and are Class B.
Real time and historical data on commercial real estate listings in Raleigh.
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