The typical asking rate per listing is in the $30's per square foot per year. The Southwest Raleigh region is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the The Triangle market, the Southwest Raleigh submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 54 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Southwest 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,390 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1998 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Southwest Raleigh residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.