North Raleigh Office Space

North Raleigh

Office Space Market Report

Number of Listings (last 90 days)
64
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
4,290
As of: June 25, 2017

North Raleigh Rates

The typical asking rate per listing is in the $20's per square foot per year. The North Raleigh submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $28 per sqft per year.

Compared to the rest of the The Triangle market, the North Raleigh submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

North Raleigh Listing Supply

In the last 90 days, 64 listings have been listed, so you'll want to check back regularly for new listings. About 50% of the listings in the North 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 4,290 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1997 and are Class B.

North Raleigh Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst North 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 North Raleigh.
Market Report

Market Data

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