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Character-Rich Office Suite
For Lease
$29 SF/Yr

223 S Wilmington St. Suite 200, Raleigh, NC 27601

Flexible workspace with exposed trusses, hardwood floors, conference rooms, and dedicated street-level entry.

Space Size3,000 SF
Property Size6,500 SF
Days on Market67

Property Features for 223 S Wilmington St. Suite 200

General Information

Standard status Active
Size 3,000 SF
Net Rentable 3,000 SF
Class B
Property subtype Office
Lease Term MG

Space & Availability

Available Space 3,000 SF
Contiguous Space 3,000 SF
Space Use Office
Sublease Yes
Meeting Rooms 2
Furnished Yes

Additional Details

Utilities to Site Yes

Amenities

pin-up walls
skylights
standalone electronic entry system

Building Details

Building Size 6,500 SF
Year Built 1910

Spaces For Lease

at 223 S Wilmington St. Suite 200 Contact us

Suite 200, 2nd Floor (Sublease) $29/SF/Yr

Size
3,000 SF
Type
Creative/Loft
Term
Negotiable
Contact us
Listing Agency:
Listed By: Derek Mangum · License #NC #243683
Source: Maverickpartners
Added: Jun 25 Changed: Aug 29 Last Checked: Aug 29 at 4:17PM

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 Derek Mangum

Investment Insights

Based on property information with market context.

Suite 200 provides 3,000 SF of office space within the restored 223 S Wilmington building. The layout combines an open work area with 16 oversized desks, two conference rooms, a phone room, workroom, kitchenette, and two private restrooms. Exposed trusses, original refinished hardwood flooring, skylights, and glazing at the front and rear bring distinctive architectural character and abundant daylight. The primary conference room includes an 85-inch screen and roll-up garage door, while the secondary meeting room has a 65-inch screen.

The suite has ground-floor street access and a dedicated electronic entry system. Included workplace equipment and furnishings include 10 desks with monitors and chairs, the conference room table and chairs, and built-in televisions. Internet/Wi-Fi, power, water, heating/cooling, printing, sewer, trash collection, and weekly cleaning are included. Parking is not included; the Moore Square parking deck is located behind the space. The office sublease term ends 5/31/28, with downtown Raleigh destinations including Bida Manda, Brewery Bhavana, and Moore Square a 30-second walk away.

Key Highlights

  • 3,000 SF office suite with open workspace, two conference rooms, phone room, workroom, kitchenette, and two restrooms
  • 16 oversized workstation desks; 10 include monitors and chairs
  • Primary conference room features an 85‑inch screen and roll‑up garage door

Property Analytics

Current Use

City Collective Consultant St. Roch Fine ... Restaurant TheOriginals Publishing House App Idea Experts Marketing & Advertising Crubiq Inc (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Nursing Home Fish Market Locksmith Bed & Breakfast

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

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$4.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,718
Businesses Nearby

Demographics for 27601, NC

9,965
Population
4,874
Households
2
Avg Household Size
32
Median Age
49%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
5,536
Density / Sq Mi
$70,433
Median Household Income
$51,443
Median Earnings
$1,499
Median Rent
$572,600
Median Home Value

Market

Lease Benchmarks for Raleigh, NC

$36.42 /SF/Yr
Avg Asking Price
$2.5–$371 /SF/Yr
Price Range
29,534 SF
Avg Space Size

This space is priced 20% below the average of $36.42 /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
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Frequently Asked Questions

What type of property is this?
Office units - Flexible workspace with exposed trusses, hardwood floors, conference rooms, and dedicated street-level entry.
Where is this office units located?
The property is located at 223 S Wilmington St. Suite 200 Raleigh, NC.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: 3,000 SF office suite with open workspace, two conference rooms, phone room, workroom, kitchenette, and two restrooms; 16 oversized workstation desks; 10 include monitors and chairs; Primary conference room features an 85‑inch screen and roll‑up garage door
More about this property
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