Central Raleigh Sublease

Central Raleigh

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,590
As of: May 21, 2017

Central Raleigh Rates

Most listings are in the $30's per square foot per year. The Central Raleigh region is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 10% rise in rent.

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

Central Raleigh Listing Supply

In the last 90 days, 40 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Central Raleigh are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,590 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1930 and are Class A.

Central Raleigh Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Raleigh folk. 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 Central Raleigh.
Market Report

Market Data

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