On average, listings lease in the $20's per square foot per year. The Raleigh submarket is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the The Triangle market, the Raleigh region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 302 listings have been posted online, so you'll want to check back regularly for new listings. About 74% of the available space in the Raleigh are subleases, so you might be able to sign a shorter term by taking over a previous 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 2,940 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1986 and are Class B.