Central Raleigh Office Space

Central Raleigh

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,080
As of: January 21, 2017

Central Raleigh Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Raleigh submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.

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

Central Raleigh Listing Supply

In the last 90 days, 30 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,970 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market 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 region. Commute by walking is the most popular way to get to work amongst Central Raleigh folk. 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