On average, listings lease in the $20's per square foot per year. The Northwest Raleigh region is seeing a an increase in rates. In the last 3 months, the median rate increased $25 per sqft per year.
Compared to the rest of the The Triangle market, the Northwest Raleigh submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 34 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 109% of the available leases in the Northwest Raleigh are subleases, so you might be able to snag a great spot on a short term. 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 2,160 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1988 and are Class B.
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 taxi is the most popular way to get to work amongst Northwest Raleigh folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.