Northeast Raleigh Office Space

Northeast Raleigh

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
5,880
As of: July 25, 2017

Northeast Raleigh Rates

On average, listings lease in the $30's per square foot per year. The Northeast Raleigh region is seeing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 41% rise in rent.

Compared to the rest of the The Triangle market, the Northeast Raleigh region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Northeast Raleigh Listing Supply

In the last 90 days, 38 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 32% of the available space in the Northeast 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,880 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1988 and are Class B.

Northeast Raleigh Community

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.

Market Report

Trends and status of the commercial real estate market in Northeast Raleigh.
Market Report

Market Data

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