Northwest Raleigh Office Space

Northwest Raleigh

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
2,200
As of: May 20, 2017

Northwest Raleigh Rates

On average, listings lease in the $20's per square foot per year. The Northwest Raleigh submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% rise 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 submarket.

Northwest Raleigh Listing Supply

In the last 90 days, 34 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Northwest 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,200 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 1988 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 market. 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