Northwest Raleigh Office Space

Northwest Raleigh

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,530
As of: August 20, 2017

Northwest Raleigh Rates

The typical asking rate per listing is in the $20's per square foot per year. The Northwest Raleigh region is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 19% rise in rent.

Compared to the rest of the The Triangle market, the Northwest Raleigh region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Northwest Raleigh Listing Supply

In the last 90 days, 34 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Northwest 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 2,530 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built in 1987 and are Class B.

Northwest 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 area. Commute by taxi is the most popular way to get to work amongst Northwest Raleigh occupants. 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 Northwest Raleigh.
Market Report

Market Data

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