Southwest Raleigh Office Space

Southwest Raleigh

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
5,750
As of: December 8, 2016

Southwest Raleigh Rates

On average, listings lease in the $30's per square foot per year. The Southwest Raleigh region is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% rise in rent.

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

Southwest Raleigh Listing Supply

In the last 90 days, 33 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the Southwest Raleigh are subleases, so you will probably have to consider a longer term lease. 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 5,750 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1998 and are Class A.

Southwest Raleigh Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Southwest 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 Southwest Raleigh.
Market Report

Market Data

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