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Class A Office Tower Space
For Lease
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421 Fayetteville Street, Raleigh, NC 27601

Downtown Raleigh Class A office space for sublease.

Space SizeContact for details
Days on Market142

Property Features for 421 Fayetteville Street

General Information

Standard status Active
Property subtype Office
Listing Agency:
Listed By: Jason High
Source: Cbre
Added: Mar 25 Changed: Aug 9 Last Checked: Aug 9 at 11:10PM

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 Jason High

Investment Insights

Based on property information with market context.

One City Plaza is a Class A office tower located in Downtown Raleigh, adjacent to the Raleigh Convention Center, Marriott City Center, and Duke Energy Performing Arts Center on Fayetteville Street. Up to two full floors are available for sublease through May 31, 2029. Furniture, fixtures, and equipment (FF&E) are available. The property has a size of 46078 square feet.

Key Highlights

  • Class A office space in a highly recognized downtown Raleigh tower.
  • Prime location adjacent to the Raleigh Convention Center, Marriott City Center, and Duke Energy Performing Arts Center.
  • Sublease available through May 31, 2029.

Property Analytics

Current Use

Joyner Walton K Law Firm EventOPS (Bike/Boat/Book/etc) Store Chhabria Law LLC Law Firm Classical Therapy of Raleigh Psychotherapist Mitro Digital Marketing ... Marketing & Advertising

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Pharmacy Auto Parts Store Nursing Home 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,503
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

$32.49 /SF/Yr
Avg Asking Price
$23.5–$48.5 /SF/Yr
Price Range
68,938 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 building - Downtown Raleigh Class A office space for sublease.
Where is this office building located?
The property is located at 421 Fayetteville Street Raleigh, NC.
What are key features of this property?
This property features: Class A office space in a highly recognized downtown Raleigh tower.; Prime location adjacent to the Raleigh Convention Center, Marriott City Center, and Duke Energy Performing Arts Center.; Sublease available through May 31, 2029.
More about this property
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