Most listings are in the $20's per square foot per year. The North Raleigh region is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the The Triangle market, the North Raleigh submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 66 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available leases in the North Raleigh are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,290 sqft. Most properties in this area are close to 2 stories. Most buildings in this region 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.