Most listings are in the $20's per square foot per year. The Northwest Raleigh submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the The Triangle market, the Northwest Raleigh region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 36 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Northwest 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,520 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this region were built in 1988 and are Class B.
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 region. 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.