The typical asking rate per listing is in the $30's per square foot per year. The Southwest Raleigh region is experiencing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the The Triangle market, the Southwest Raleigh submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 54 listings have been listed, so you'll want to check back regularly for new listings. About 31% of the office spaces in the Southwest 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 8,140 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this region were built in 1996 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Southwest Raleigh occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.