The typical asking rate per listing is in the $20's per square foot per year. The Northwest Raleigh region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the The Triangle market, the Northwest Raleigh region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 36 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the Northwest Raleigh are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,520 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region 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 taxi is the most popular way to get to work amongst Northwest Raleigh folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.