Central Raleigh Office Space

Central Raleigh

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
4,730
As of: August 19, 2017

Central Raleigh Rates

Most listings are in the $40's per square foot per year. The Central Raleigh submarket is going through a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 18% increase in rent.

Compared to the rest of the The Triangle market, the Central Raleigh region has higher rates, and you'll need to pay a premium to be in this hot region.

Central Raleigh Listing Supply

In the last 90 days, 40 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 85% of the listings in the Central 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,730 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1935 and are Class A.

Central Raleigh Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central Raleigh occupants. Commuting between 30 and 45 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 Central Raleigh.
Market Report

Market Data

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