Most listings are in the $20's per square foot per year. The Northwest Raleigh region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the The Triangle market, the Northwest Raleigh region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 35 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Northwest Raleigh are subleases, so you will probably have to focus your search on direct office leases. 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 2,390 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Northwest Raleigh residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.