North Raleigh Office Space

2011 Falls Valley Dr Space
North Raleigh, Raleigh, NC
# 2011 Falls Valley Drive Raleigh, NC 27615 Property: Contemporary Medical office building with floor to ceiling glass entryway Building and monument signage available Parking directly in front of entrance Other Tenants: Raleigh Vein & Laser Center & GastroIntestinal Healthcare Located less than 1.5 Miles from Wake Med Hospital and surrounding amenities. Located in North Raleigh positioned along I-540 at the I-540 exit of Falls of the Neuse Road. \> TOTAL SQUARE FOOTAGE: +16,326 \> Year Built: 2003 \> Available: Suite 100: +3,320 SF Suite 102: +2,362 SF Suites 100 & 102 can be combined to create a +5682 SF Medical Office Suite Suite 100: +/- 3,320 SF Plug-and-Play Medical Office End Cap with upscale finishes (cabinetry, flooring, plumbing fixtures) Current Layout: - Break room - 5 Exam Rooms (with sinks) - 5 Offices/Exam Rooms (w/o sinks) - Waiting Room - Server Room - 3 Bathrooms Suite 102: +/- 2,362 SF Partially Finished Medical Office Current Layout - Break room - 3 Exam Rooms (with sink) - 2 Offices or Exam Rooms (w/o sinks) - Two 10' x10' Potential Offices or Exam Rooms - Waiting Room - 1 Restroom in place - 1 Restroom with plumbing stubbed in - Storage - IT Closet \> Zoning: PD \> Lease Rate: $19/SF \> Lease: NNN \> TICAM: $4.20 \> County: Wake Location:                                                                                                                                                                                                                                                                                                                                                                                                                                             This location has great access to Raleigh through Falls of Neuse Rd, Litchford Rd, Durant Rd and I-540. Surrounding businesses include: WakeMed Hospital, Wake Internal Medicine & Pediatrics, Walgreens, Next Care Urgent Care, Raleigh Pediatrics, O2 Fitness, Lifetime Fitness, Harris Teeter and numerous restaurants. Features - Suite 100 - Plug-and-Play Medical Office - Suite 102 - Partially finished medical office

North Raleigh

Office Space Market Report

Number of Listings (last 90 days)
64
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,200
As of: March 12, 2017

North Raleigh Rates

Most listings are in the $20's per square foot per year. The North Raleigh submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.

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

North Raleigh Listing Supply

In the last 90 days, 64 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the North Raleigh are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,200 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1996 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 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 North Raleigh.
Market Report

Market Data

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