On average, listings lease in the $30's per square foot per year. The Central Raleigh region is going through a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the The Triangle market, the Central Raleigh region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this region were built in 1945 and are Class A.
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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.