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Centennial Campus Office Space
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1791 Varsity Drive, Raleigh, NC 27606

Office space in NC State's Centennial Campus research park.

Property Size26,372 SF
Days on Market250

Property Features for 1791 Varsity Drive

General Information

Standard status Active
Size 26,372 SF
Property subtype Office
Listing Agency:
Listed By: John Brewer
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Jul 30 at 2:24AM

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 John Brewer

Investment Insights

Based on property information with market context.

Located within North Carolina State University’s Centennial Campus, 1791 Varsity Drive offers office space in one of Raleigh-Durham’s premier office and research parks. The 1,314-acre Centennial Campus is owned and operated by NC State and is home to over 70 corporate, governmental, and non-profit partners, along with 75 NC State research centers, institutes, departmental units, and numerous colleges. Situated just south of NC State’s main campus and two miles west of Downtown Raleigh, the property benefits from an amenity-rich location. In addition to buildings and research centers, Centennial Campus also features public walkways, a fishing pier and lake, game fields, and an 18-hole golf course. The property offers 26,372 square feet of office space.

Key Highlights

  • Located in NC State's Centennial Campus, a premier office and research park.
  • Amenity‑rich location near NC State's main campus.
  • Proximity to Downtown Raleigh (2 miles).

Property Analytics

Current Use

FREEDM Systems Center Research And Product Development EV Challenge Charitable Organization Cengage Learning - WebAssign Corporate Office Agile Science University Keystone Science Center Academic Department

Suggested Use

Top Pick Dental Office Building Supply Law Firm Real Estate Agency Spa & Massage Center Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

578
Businesses Nearby

Demographics for 27606, NC

48,343
Population
22,199
Households
2.2
Avg Household Size
29
Median Age
59%
College-Educated
93%
High-School Grad
24.5 sq mi
ZIP Area
1,973
Density / Sq Mi
$75,640
Median Household Income
$40,950
Median Earnings
$1,369
Median Rent
$423,900
Median Home Value

Market

Lease Benchmarks for Raleigh, NC

$28 /SF/Yr
Avg Asking Price
$0.53–$65.47 /SF/Yr
Price Range
23,712 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office units - Office space in NC State's Centennial Campus research park.
Where is this office units located?
The property is located at 1791 Varsity Drive Raleigh, NC.
What are key features of this property?
This property features: Located in NC State's Centennial Campus, a premier office and research park.; Amenity‑rich location near NC State's main campus.; Proximity to Downtown Raleigh (2 miles).
More about this property
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