Raleigh-Durham Office Space for Rent
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Renting Office Space in Raleigh-Durham
Office space for rent in Raleigh-Durham primarily cater to technology companies, research institutions, and corporate headquarters. Lease terms show a preference for medium-term stability, with 3-5 year leases accounting for 30.61% of office deals. Shorter leases of 1-2 years make up 28.57%, while long-term leases of 5+ years account for 19.59%. Short-term leases of less than one year make up 8.16%, reflecting some businesses' need for flexibility. This pattern highlights the balance between flexibility and commitment that businesses in Raleigh-Durham seek, particularly in tech and professional service sectors. Established areas like Downtown and the Research Triangle are particularly popular, attracting companies seeking a blend of innovation and connectivity. As Raleigh-Durham’s tech sector continues to expand, demand for centrally located office spaces is expected to grow.
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Suite Rates in Raleigh-Durham
Suite Sizes in Raleigh-Durham
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Apex | 1,700 | $2.36 / SF | 92 |
| Braggtown | 13,000 | $1.66 / SF | < 30 |
| Brightleaf | 1,900 | $2.71 / SF | 61 |
| Cameron Village | 700 | $1.90 / SF | < 30 |
| Cary | 2,500 | $2.25 / SF | 425 |
| Chapel Hill | 1,000 | $2.16 / SF | 49 |
| Clegg | 5,400 | $2.43 / SF | 98 |
| Downtown Raleigh | 600 | $2.29 / SF | 55 |
| Duke University | 2,100 | $1.77 / SF | < 30 |
| East Raleigh | 300 | $1.67 / SF | < 30 |
| Fayetteville Street | 800 | $2.31 / SF | 67 |
| Glenwood South | 800 | $2.30 / SF | 47 |
| Hillsborough | - | - | < 30 |
| Holly Springs | 1,700 | $2.51 / SF | < 30 |
| Hope Valley | 1,300 | $1.54 / SF | 40 |
| Knightdale | - | - | < 30 |
| Millbrook | 1,200 | $1.98 / SF | 85 |
| Morrisville | 3,700 | $2.16 / SF | 123 |
| North Hills | 1,300 | $2.05 / SF | 104 |
| North Raleigh | 1,400 | $2.00 / SF | 134 |
| Northeast Raleigh | 1,700 | $2.05 / SF | 65 |
| Northwest Raleigh | 1,800 | $2.04 / SF | 85 |
| Old North Durham | 2,100 | $2.71 / SF | 62 |
| Southeast Raleigh | - | - | < 30 |
| Stone Creek Village | 1,400 | $1.83 / SF | < 30 |
| Wake Forest | 1,800 | $2.12 / SF | < 30 |
| Wayne Ridge | 2,100 | $2.16 / SF | 77 |
| Wellons Village | - | - | < 30 |
| Wilders Grove | - | - | < 30 |
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.