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: July 21, 2017

North Raleigh Rates

On average, listings lease in the $20's per square foot per year. The North Raleigh region is seeing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 11% rise in rent.

Compared to the rest of the The Triangle market, the North Raleigh region has smaller rates, so you should have no trouble finding a great deal in this depreciated 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 48% of the office spaces in the North Raleigh are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, 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 market are around 2 stories. Most buildings in this area 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 area. 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