Central Raleigh Office Space

Central Raleigh

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,590
As of: May 21, 2017

Central Raleigh Rates

Most listings are in the $30's per square foot per year. The Central Raleigh region is going through a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% 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 make a great offer to be in this hot submarket.

Central Raleigh Listing Supply

In the last 90 days, 40 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the listings in the Central 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,590 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1930 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 area. Commute by walking is the most popular way to get to work amongst Central Raleigh residents. 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