On average, listings lease in the $30's per square foot per year. The Southwest Raleigh region is going through a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the The Triangle market, the Southwest Raleigh region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 49 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available space in the Southwest Raleigh are subleases, so you will probably have to consider a longer term lease. 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 3,820 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this area 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 market. 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.