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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.
TenantBase is a technology platform built specifically for tenants. We make the process to find and lease space easier by combining our unique technology with experienced local commercial real estate brokers.
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Apex | 1,700 | $2.39 / SF | 83 |
| Braggtown | 13,000 | $1.66 / SF | < 30 |
| Brightleaf | 1,800 | $2.70 / SF | 60 |
| Cameron Village | 700 | $1.90 / SF | < 30 |
| Cary | 2,300 | $2.23 / SF | 387 |
| Chapel Hill | 1,000 | $2.16 / SF | 49 |
| Clegg | 4,100 | $2.43 / SF | 97 |
| Downtown Raleigh | 600 | $2.29 / SF | 54 |
| Duke University | 3,000 | $1.68 / SF | < 30 |
| East Raleigh | 300 | $1.67 / SF | < 30 |
| Fayetteville Street | 800 | $2.33 / SF | 65 |
| Glenwood South | 900 | $2.27 / SF | 45 |
| Hillsborough | - | - | < 30 |
| Holly Springs | 1,700 | $2.51 / SF | < 30 |
| Hope Valley | 1,500 | $1.55 / SF | 39 |
| Knightdale | - | - | < 30 |
| Millbrook | 1,200 | $1.98 / SF | 86 |
| Morrisville | 3,100 | $2.04 / SF | 101 |
| North Hills | 1,200 | $2.04 / SF | 103 |
| North Raleigh | 1,400 | $2.00 / SF | 135 |
| Northeast Raleigh | 1,700 | $2.05 / SF | 66 |
| Northwest Raleigh | 1,700 | $2.03 / SF | 81 |
| Old North Durham | 2,100 | $2.71 / SF | 62 |
| Southeast Raleigh | - | - | < 30 |
| Stone Creek Village | 1,800 | $1.82 / SF | < 30 |
| Wake Forest | 1,800 | $2.12 / SF | < 30 |
| Wayne Ridge | 2,100 | $2.16 / SF | 76 |
| Wellons Village | - | - | < 30 |
| Wilders Grove | - | - | < 30 |