Northeast Raleigh Industrial

Northeast Raleigh

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,030
As of: February 24, 2017

Northeast Raleigh Rates

Most listings are in the $20's per square foot per year. The Northeast Raleigh region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.

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

Northeast Raleigh Listing Supply

In the last 90 days, 38 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Northeast 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,030 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 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 occupants. 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