North Raleigh Retail

North Raleigh

Office Space Market Report

Number of Listings (last 90 days)
64
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
4,290
As of: June 23, 2017

North Raleigh Rates

Most listings are in the $20's per square foot per year. The North Raleigh region is seeing a a rise in rates. In the last 3 months, the median rate went up $28 per sqft per year.

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

North Raleigh Listing Supply

In the last 90 days, 64 listings have been posted online, so you'll want to check back regularly for new listings. About 50% of the listings in the North Raleigh are subleases, so you might be able to sign a shorter term by taking over a previous 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.

Even though the median size is 4,290 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1997 and are Class B.

North Raleigh Community

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 area. 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.

Market Report

Trends and status of the commercial real estate market in North Raleigh.
Market Report

Market Data

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