Central Raleigh Retail

Central Raleigh

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
4,820
As of: December 10, 2016

Central Raleigh Rates

On average, listings lease in the $30's per square foot per year. The Central Raleigh submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% rise in rent.

Compared to the rest of the The Triangle market, the Central Raleigh region has higher rates, and you'll need to make a great offer to be in this hot region.

Central Raleigh Listing Supply

In the last 90 days, 11 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 4,820 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this area were built in 1945 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 region. 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.
Research