Central Raleigh Retail

Central Raleigh

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Central Raleigh Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Raleigh submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.

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

Central Raleigh Listing Supply

In the last 90 days, 18 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Central Raleigh are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 5,830 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1935 and are Class A.

Central Raleigh Community

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 folk. Commuting between 30 and 45 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 Central Raleigh.
Market Report

Market Data

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