Northeast Raleigh Sublease

Northeast Raleigh

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
3,440
As of: December 2, 2016

Northeast Raleigh Rates

On average, listings lease in the $20's per square foot per year. The Northeast Raleigh region is seeing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 31% increase in rent.

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

Northeast Raleigh Listing Supply

In the last 90 days, 21 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 3,440 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market 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 market. Commute by public transit is the most popular way to get to work amongst Northeast Raleigh occupants. 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