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Class A Office Tower in Raleigh
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434 Fayetteville Street, Raleigh, NC 27601

Prestigious 29-story office tower in downtown Raleigh for lease.

Space Size1,089 SF - 16,159 SF
Property Size441,000 SF
Days on Market2281

Property Features for 434 Fayetteville Street

General Information

Standard status Active
Size 1,089 SF - 16,159 SF
Class A
Property subtype Office
Lease Type Full Service

Building Details

Building Size 441,000 SF
Year Built 1991
Tenancy Multiple

Spaces For Lease

at 434 Fayetteville Street Contact us

1160

Size
1,108 SF
Availability
Active
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1205 / 12th Floor

Size
16,159 SF
Availability
Active
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1300

Size
6,076 SF
Availability
Active
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1540

Size
6,199 SF
Availability
Active
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1850

Size
2,034 SF
Availability
Active
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2010

Size
2,526 SF
Availability
Active
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2050

Size
1,998 SF
Availability
Active
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2060

Size
1,251 SF
Availability
Active
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2100

Size
1,996 SF
Availability
Active
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2130

Size
1,089 SF
Availability
Active
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2340

Size
2,166 SF
Availability
Active
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2700 / 27th Floor

Size
14,291 SF
Availability
Active
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2800 / 28th Floor

Size
14,278 SF
Availability
Active
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Seventeenth Floor Suite 1700

Size
13,566 SF
Availability
Active
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Sixth Floor Suite 610

Size
7,581 SF
Availability
Active
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Suite 1730

Size
2,200 SF
Availability
Active
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Suite 720

Size
2,310 SF
Availability
Active
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Listing Agency: Capital Associates
Listed By: Frank Baird · License #NC
Source: Crexi
Added: Jun 9, 2020 Changed: Sep 4 Last Checked: Sep 3 at 1:02PM

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 Capital Associates

Investment Insights

Based on property information with market context.

Truist/Two Hannover Square is a 441,000 square foot, 29-story, Class A office tower situated in the center of downtown Raleigh on Fayetteville Street at Civic Center Plaza. The building's tenant roster includes the Triangle headquarters for Truist Bank, as well as offices for some of the Southeast's largest law firms. Connected to the Sheraton Hotel and next door to the Raleigh Marriott City Center and Raleigh Convention Center, the building offers food and hospitality amenities within walking distance. Amenities include a fitness center, two tenant conference rooms, on-site management, and a sundry shop. Parking options are plentiful in all directions with visitor parking located under the building, the Truist/Two Hannover Square deck located across Salisbury Street from the building, and four additional City of Raleigh public decks within a block's walk. BOMA Raleigh-Durham awarded the 2016-2017 Outstanding Building of the Year (TOBY) to the building in the 250,000-499,999 SF category. TOBYs recognize buildings, owners, and managers for their excellence in operation, sustainability, best practices, appearance, and overall performance.

Key Highlights

  • Class A office tower in the heart of downtown Raleigh on Fayetteville Street.
  • Connected to the Sheraton Hotel and next door to the Raleigh Marriott City Center and Raleigh Convention Center, offering unparalleled food and hospitality amenities.
  • Prestigious tenant roster including the Triangle headquarters for Truist Bank and major law firms.

Property Analytics

Current Use

Equity Shift (Bike/Boat/Book/etc) Store Dunn Solutions Group Marketing & Advertising Moores Creek Capital ... Financial Advisor Morelos Law Firm Law Firm Bailey & Dixon LLP Law Firm

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
$4.49 /SF/Yr
CAM

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

$31.77 /SF/Yr
Avg Asking Price
$23.5–$48.5 /SF/Yr
Price Range
66,966 SF
Avg Space Size

This space is priced 6% below the average of $31.77 /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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Prestigious 29-story office tower in downtown Raleigh for lease.
Where is this office building located?
The property is located at 434 Fayetteville Street Raleigh, NC.
What is the lease rate?
The lease rate is $29.95 SF/Yr.
What are key features of this property?
This property features: Class A office tower in the heart of downtown Raleigh on Fayetteville Street.; Connected to the Sheraton Hotel and next door to the Raleigh Marriott City Center and Raleigh Convention Center, offering unparalleled food and hospitality amenities.; Prestigious tenant roster including the Triangle headquarters for Truist Bank and major law firms.
(919) 233-9901 Call to check price and availability
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