Northwest Raleigh Office Space

Northwest Raleigh

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 23, 2016

Northwest Raleigh Rates

Most listings are in the $30's per square foot per year. The Northwest Raleigh submarket is going through a an increase in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 23% rise in rent.

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

Northwest Raleigh Listing Supply

In the last 90 days, 39 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,390 sqft. Most buildings in this area are around 3 floors. Most buildings in this market 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.