Most listings are in the $10's per square foot per year. The East Raleigh submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 17% increase 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 region.
In the last 90 days, 60 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available leases in the East Raleigh 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 410 sqft. Most properties in this region are close to 1 stories. Most buildings in this area 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 region. 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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