The typical asking rate per listing is in the $20's per square foot per year. The North Raleigh region is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the The Triangle market, the North Raleigh region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 66 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available leases in the North Raleigh are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,150 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1996 and are Class B.
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 market. 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.