Northeast Raleigh Sublease

Northeast Raleigh

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
5,880
As of: August 19, 2017

Northeast Raleigh Rates

The typical asking rate per listing is in the $20's per square foot per year. The Northeast Raleigh submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 12% rise in rent.

Compared to the rest of the The Triangle market, the Northeast Raleigh region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Northeast Raleigh Listing Supply

In the last 90 days, 38 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 42% of the available leases in the Northeast 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.

Even though the median size is 5,880 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1988 and are Class B.

Northeast Raleigh Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northeast Raleigh residents. Commuting under 5 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 Northeast Raleigh.
Market Report

Market Data

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