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Brook Forest Office Units
For Lease
$28.50 SF/Yr

1616 E Millbrook Rd, Raleigh, NC 27609

Office units are available for lease within Brook Forest I in Raleigh.

Space Size6,557 SF
Days on Market96

Property Features for 1616 E Millbrook Rd

General Information

Standard status Active
Size 6,557 SF
Class A
Property subtype office

Spaces For Lease

at 1616 E Millbrook Rd
Available Space Immediate
Floor 3rd
Size 6,557 SF
Type Office
Term Negotiable
Contact us
Listing Agency: Raleigh
Listed By: Patti Autry · License #278796
Source: Property.jll
Added: Jul 16 Changed: Oct 13 Last Checked: Oct 16 at 6:12AM

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 Raleigh

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Investment Insights

Based on property information with market context.

Brook Forest I offers office units for lease at 1616 E Millbrook Rd in Raleigh, North Carolina. Available spaces range from 2,840 to 6,555 SF, providing multiple size options within the property.

The property is located in the 27609 ZIP code. Further lease information is available upon request.

Key Highlights

  • Office units available for lease in Brook Forest I
  • Available space ranges from 2,840 to 6,555 SF
  • 1616 E Millbrook Rd, Raleigh, NC 27609

Property Analytics

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Open Analytics

Current Use

Net at Work (Bike/Boat/Book/etc) Store Progressive Insurance - Claims ... Insurance Agency Gameday Men's Health ... Weight Loss Service AdvisorEngine Corporate Office Atkins Engineering Consultant

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Daycare Center Butcher Pet Grooming Service Grocery & Convenience 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
$4.27 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,336
Businesses Nearby

Demographics for 27609, NC

36,218
Population
19,740
Households
1.8
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
3,323
Density / Sq Mi
$81,538
Median Household Income
$53,670
Median Earnings
$1,393
Median Rent
$441,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Raleigh, NC

$36.65 /SF/Yr
Avg Asking Price
$2.5–$371 /SF/Yr
Price Range
22,904 SF
Avg Space Size

This space is priced 22% below the average of $36.65 /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

Frequently Asked Questions

What type of property is this?
Office units - Office units are available for lease within Brook Forest I in Raleigh.
Where is this office units located?
The property is located at 1616 E Millbrook Rd Raleigh, NC.
What is the lease rate?
The lease rate is $28.50 SF/Yr.
What are key features of this property?
This property features: Office units available for lease in Brook Forest I; Available space ranges from 2,840 to 6,555 SF; 1616 E Millbrook Rd, Raleigh, NC 27609
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