The typical asking rate per listing is in the $20's per square foot per year. The Northwest Raleigh region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the The Triangle market, the Northwest Raleigh region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 39 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the listings in the Northwest 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,520 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this region 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 area. Commute by taxi is the most popular way to get to work amongst Northwest Raleigh occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.