The typical asking rate per listing is in the $30's per square foot per year. The Southwest Raleigh region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the The Triangle market, the Southwest Raleigh region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 54 listings have been posted online, so you'll want to check back regularly for new listings. About 31% of the available leases in the Southwest Raleigh are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,770 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this area 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 area. Commute by motorcycle is the most popular way to get to work amongst Southwest Raleigh residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.