Northeast Raleigh Sublease

Northeast Raleigh

Office Space Market Report

Number of Listings (last 90 days)
39
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,310
As of: February 22, 2017

Northeast Raleigh Rates

The typical asking rate per listing is in the $10's per square foot per year. The Northeast Raleigh submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decline in rent.

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

Northeast Raleigh Listing Supply

In the last 90 days, 35 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Northeast Raleigh are subleases, so you will probably have to focus your search on direct office leases. 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 3,850 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 2 stories. 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 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