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Modern Office Space Available
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621 Hillsborough Street, Raleigh, NC 27603

Newly built-out office space with modern finishes for rent.

Space SizeContact for details
Days on Market151

Property Features for 621 Hillsborough Street

General Information

Standard status Active
Property subtype Office
Listing Agency:
Listed By: Heath Chapman
Source: Cbre
Added: Mar 25 Changed: Aug 12 Last Checked: Aug 21 at 12:45PM

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 Heath Chapman

Investment Insights

Based on property information with market context.

This property offers up to 108,840 rentable square feet of contiguous space. The sublease for this newly built-out space, featuring modern finishes, expires on April 29, 2029, with longer terms available. The building includes a state-of-the-art fitness center equipped with lockers and showers, a premier tenant lounge with an outdoor terrace, an interactive sports room, and a shared conference room. Additionally, the property features over 50,000 square feet of ground floor retail space.

Key Highlights

  • Up to 108,840 RSF Contiguous Available
  • Sublease expires April 29, 2029 (longer terms available)
  • Newly built‑out space with modern finishes

Property Analytics

Current Use

Yoga six Gym & Fitness Center McAdams General Contractor Design Workshop, Inc. Landscaping CR Legal Team Law Firm YogaSix Glenwood South Gym & Fitness Center

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Restaurant Mobile Phone Store Locksmith Nursing Home

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

4,704
Businesses Nearby

Demographics for 27603, NC

54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
Median Home Value

Market

Lease Benchmarks for Raleigh, NC

$37.74 /SF/Yr
Avg Asking Price
$2.5–$371 /SF/Yr
Price Range
30,561 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 - Newly built-out office space with modern finishes for rent.
Where is this office units located?
The property is located at 621 Hillsborough Street Raleigh, NC.
What are key features of this property?
This property features: Up to 108,840 RSF Contiguous Available; Sublease expires April 29, 2029 (longer terms available); Newly built‑out space with modern finishes
More about this property
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