Central Raleigh Sublease

Central Raleigh

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,440
As of: June 26, 2017

Central Raleigh Rates

On average, listings lease in the $30's per square foot per year. The Central Raleigh region is experiencing a an increase in rates. In the last 3 months, the median rate rose $36 per sqft per year.

Compared to the rest of the The Triangle market, the Central Raleigh submarket has greater rates, and you'll need to pay a premium to be in this hot region.

Central Raleigh Listing Supply

In the last 90 days, 40 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 165% of the available leases in the Central 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.

The standard measurement for office space in this area is around 1,440 sqft. Most properties in this area are around 2 floors. 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 occupants. 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