The typical asking rate per listing is in the $30's per square foot per year. The Southwest Raleigh region is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the The Triangle market, the Southwest Raleigh submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 51 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available space in the Southwest 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,100 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1998 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.