OFFICE SPACE FOR LEASE IN RALEIGH-DURHAM

Why implement your office in Raleigh-Durham?   

Raleigh-Durham, often referred to as the Research Triangle, has emerged as a highly sought-after destination for office leasing. This dynamic region in North Carolina is renowned for its thriving technology and innovation sectors, with companies ranging from startups to established enterprises flocking to the area. The Research Triangle Park, a renowned research and development hub, serves as a magnet for businesses seeking access to cutting-edge research, a skilled workforce, and a collaborative business environment. The region's universities, including Duke University, the University of North Carolina at Chapel Hill, and North Carolina State University, play a significant role in fostering a rich talent pool. With a robust infrastructure, an attractive quality of life, and a relatively low cost of living compared to other tech hubs, Raleigh-Durham continues to experience a surge in office leasing, making it an ideal location for businesses looking to thrive in an innovative and vibrant ecosystem.

How much does it cost to rent an office in Raleigh-Durham?

The cost of renting an office in Raleigh-Durham can vary depending on various factors such as location, size, amenities, and lease terms. On average, rental rates for office spaces in the area range from $20 to $40 per square foot annually.

To read: : our Raleigh-Durham MarketBeat Office report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are office space rents likely to increase in Raleigh-Durham?

Raleigh-Durham has experienced significant growth and development in recent years, particularly in the technology and innovation sectors. This growth, combined with the region's strong economic indicators and favorable business climate, suggests that office space rents in Raleigh-Durham may be subject to upward pressure.

Popular neighborhoods in Raleigh-Durham

Raleigh-Durham offers several popular neighborhoods for leasing office space, catering to different preferences and business needs. Some of these neighborhoods include:

• Downtown Raleigh: The heart of the city, Downtown Raleigh provides a vibrant and urban setting for office spaces. It offers a mix of historic buildings, modern high-rises, and coworking spaces, along with amenities such as restaurants, shops, and entertainment options.
• Research Triangle Park (RTP): Located between Raleigh, Durham, and Chapel Hill, RTP is a renowned research and technology park. It is home to numerous companies, research institutions, and startups, making it an ideal location for businesses seeking proximity to innovation and collaboration.
• North Hills: Situated in Midtown Raleigh, North Hills is a bustling mixed-use development that offers a range of office spaces, from large corporate campuses to smaller boutique offices. It boasts a vibrant atmosphere with a variety of dining, retail, and entertainment options.
• Durham's American Tobacco Campus: Located in downtown Durham, the American Tobacco Campus is a revitalized historic complex that houses offices, startups, and tech companies. It combines modern office spaces with a unique industrial charm, complemented by restaurants, breweries, and outdoor gathering spaces.
• Brier Creek: Situated in Northwest Raleigh, Brier Creek is a rapidly growing area that offers a mix of office space options, including business parks and commercial developments. It provides easy access to Raleigh-Durham International Airport and is surrounded by amenities like shopping centers, hotels, and golf courses.

Getting to and from Raleigh-Durham

Raleigh-Durham is well-connected and offers various transportation options for getting to and from the region:

• Raleigh-Durham International Airport (RDU): The main airport serving the region, RDU offers domestic and international flights. It is located between Raleigh and Durham, making it easily accessible for air travel.
• Highways and Interstates: Several major highways and interstates pass through Raleigh-Durham, including I-40, I-85, and I-540. These roadways provide convenient access to the region and connect it to neighboring cities and states.
• Public Transportation: Raleigh-Durham has public transportation options, including buses and light rail.
• GoTriangle: GoTriangle is the regional public transportation agency that operates buses and shuttles throughout the Triangle area, including Raleigh-Durham.
• Triangle Transit: Triangle Transit offers regional bus services connecting Raleigh, Durham, and surrounding areas.
• Ride-Sharing and Taxis: Services like Uber and Lyft are widely available in Raleigh-Durham, providing convenient transportation options for getting around the region.
• Amtrak: Raleigh and Durham both have Amtrak train stations, allowing for rail travel to and from the region. The Carolinian and Piedmont trains serve these stations, offering connections to cities along the East Coast.