The typical asking rate per listing is in the $30's per square foot per year. The Central Raleigh submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 0% rise in rent.
Compared to the rest of the The Triangle market, the Central Raleigh submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 31 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,080 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1935 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Raleigh residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.