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Retail and storefront spaces in Raleigh-Durham are central to the city’s consumer-driven economy, catering to both local residents and a growing influx of new residents. Lease terms for retail and storefront spaces generally favor medium to long-term commitments, with 3-5 year leases making up 37.59% of deals. Shorter leases of 1-2 years account for 29.57%, indicating a strategic approach to maintaining visibility in high-traffic areas like Fayetteville Street and the Warehouse District. Some businesses prefer even longer commitments of 5+ years, comprising 18.07% of leases, reflecting a desire for stability in key commercial corridors.like Fayetteville Street and the Warehouse District. Some businesses prefer even longer commitments of 5+ years, comprising 18.07% of leases, reflecting a desire for stability in key commercial corridors. As Raleigh-Durham continues to grow, businesses seeking long-term retail positioning in key commercial corridors will find the city’s evolving demographics favorable.
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 | 1,600 | $2.23 / SF | 36 |
| Braggtown | - | - | < 30 |
| Brightleaf | 1,500 | $2.77 / SF | 59 |
| Cameron Village | - | - | < 30 |
| Cary | 1,900 | $2.35 / SF | 95 |
| Chapel Hill | 1,900 | $2.33 / SF | < 30 |
| Clegg | 1,600 | $2.58 / SF | < 30 |
| Downtown Raleigh | 1,600 | $2.10 / SF | < 30 |
| Duke University | 3,200 | $2.02 / SF | < 30 |
| East Raleigh | - | - | < 30 |
| Fayetteville Street | 1,600 | $2.10 / SF | < 30 |
| Glenwood South | 2,200 | $2.05 / SF | < 30 |
| Hillsborough | 2,100 | $1.79 / SF | < 30 |
| Holly Springs | 1,700 | $2.53 / SF | 33 |
| Hope Valley | 4,900 | $1.50 / SF | < 30 |
| Knightdale | - | - | < 30 |
| Millbrook | 1,500 | $2.77 / SF | 41 |
| Morrisville | 1,200 | $2.08 / SF | < 30 |
| North Hills | 1,000 | $2.71 / SF | < 30 |
| North Raleigh | 1,200 | $2.63 / SF | 32 |
| Northeast Raleigh | 1,400 | $1.92 / SF | < 30 |
| Northwest Raleigh | 1,500 | $2.44 / SF | < 30 |
| Old North Durham | 1,700 | $2.77 / SF | 60 |
| Southeast Raleigh | - | - | < 30 |
| Stone Creek Village | 2,100 | $2.08 / SF | < 30 |
| Wake Forest | 1,300 | $1.54 / SF | < 30 |
| Wayne Ridge | 3,400 | $2.71 / SF | < 30 |
| Wellons Village | - | - | < 30 |
| Wilders Grove | - | - | < 30 |