Most listings are in the $30's per square foot per year. The North Raleigh region is experiencing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 23% rise in rent.
Compared to the rest of the The Triangle market, the North Raleigh submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 34 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the office spaces in the North Raleigh are subleases, so you will probably have to focus your search on direct office leases. 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 3,330 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1996 and are Class B.
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 region. Commute by walking is the most popular way to get to work amongst North Raleigh occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.