Northeast Raleigh Industrial

Northeast Raleigh

Office Space Market Report

Number of Listings (last 90 days)
281
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
5,880
As of: August 17, 2017

Northeast Raleigh Rates

On average, listings lease in the $20's per square foot per year. The Northeast Raleigh submarket is going through a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 12% rise in rent.

Compared to the rest of the The Triangle market, the Northeast Raleigh region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Northeast Raleigh Listing Supply

In the last 90 days, 38 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 42% of the office spaces in the Northeast 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 5,880 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1988 and are Class B.

Northeast Raleigh Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Northeast Raleigh residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Northeast Raleigh.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northeast Raleigh.
Research