Northwest Raleigh Industrial

Northwest Raleigh

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,510
As of: July 24, 2017

Northwest Raleigh Rates

On average, listings lease in the $20's per square foot per year. The Northwest Raleigh region is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 10% rise in rent.

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

Northwest Raleigh Listing Supply

In the last 90 days, 34 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 82% of the available space in the Northwest Raleigh are subleases, so you might be able to snag a great spot on a short term. 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 2,510 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this market were built in 1988 and are Class B.

Northwest 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 market. Commute by taxi is the most popular way to get to work amongst Northwest 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 Northwest Raleigh.
Market Report

Market Data

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