Most listings are in the $20's per square foot per year. The North Raleigh submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the The Triangle market, the North Raleigh region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 64 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the North Raleigh are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, 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 market are approximately 2 floors. Most buildings in this area were built in 1996 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst North Raleigh occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.