Most listings are in the $20's per square foot per year. The Northeast Raleigh submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the The Triangle market, the Northeast Raleigh submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 26 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the Northeast 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,210 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Northeast Raleigh residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.