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High-Rise Office Building with Skypark Access
For Lease
$48.50 SF/Yr

301 Hillsborough Street, Raleigh, NC 27603

Full floor office space is available on the 15th floor, plus a 3,324 SF suite on the 9th floor.

Property Size29,681 SF
Days on Market15

Property Features for 301 Hillsborough Street

General Information

Standard status Active
Size 29,681 SF
Property subtype Office
Listing Agency:
Listed By: Brad Corsmeier
Source: Cbre
Added: Jul 17 Changed: Jul 20 Last Checked: Jul 30 at 3:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brad Corsmeier

Investment Insights

Based on property information with market context.

301 Hillsborough is a high-rise office building featuring an angular glass façade designed to bring an abundance of natural light to tenants. Space availability includes a full floor (26,357 SF) on the 15th floor, as well as a 3,324 SF office suite on the 9th floor.

Tenant amenities include a tenant lounge, conference center, bike storage, and a modern fitness studio. A 9th floor skypark parking garage provides direct tenant access to the office floors, supported by 13 EV charging stations.

The building is supported by a 97 Walk Score and 91 Bike Score, reflecting its convenient access for employees and visitors.

Key Highlights

  • Full floor office space available on the 15th floor (26,357 SF)
  • Additional space available: 3,324 SF office suite on the 9th floor
  • 9th floor skypark with parking garage and direct tenant access to office floors

Property Analytics

Current Use

Nelson Mullins Riley ... Law Firm Nexus Strategies Inc Consultant K&L Gates LLP Law Firm 301 Hillsborough St ... Parking Lot & Garage Rural Healthcare Initiative Consultant

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Parts Store Pharmacy Garden Center Electronics & Wireless Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$7.27 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,623
Businesses Nearby

Demographics for 27603, NC

54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
Median Home Value

Market

Lease Benchmarks for Raleigh, NC

$32.62 /SF/Yr
Avg Asking Price
$23.5–$48.5 /SF/Yr
Price Range
71,247 SF
Avg Space Size

This space is priced 49% above the average of $32.62 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Full floor office space is available on the 15th floor, plus a 3,324 SF suite on the 9th floor.
Where is this office building located?
The property is located at 301 Hillsborough Street Raleigh, NC.
What is the lease rate?
The lease rate is $48.50 SF/Yr.
What are key features of this property?
This property features: Full floor office space available on the 15th floor (26,357 SF); Additional space available: 3,324 SF office suite on the 9th floor; 9th floor skypark with parking garage and direct tenant access to office floors
More about this property
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