The typical asking rate per listing is in the $30's per square foot per year. The Southwest Raleigh submarket is going through a an increase in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the The Triangle market, the Southwest Raleigh submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 54 listings have come on the market, so you'll want to check back regularly for new listings. About 35% of the office spaces in the Southwest Raleigh are subleases, so you might be able to find a shorter term or below market rent. 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 6,810 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1996 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Southwest Raleigh residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.