Commercial Real Estate Market in Raleigh, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
393 active listings and 8,831 off-market properties in Raleigh, NC. Commercial property asks $252/SF to buy and $26.50/SF/Yr to lease.
Market Trends
Raleigh, NC spans 294.5 square miles in Wake County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Raleigh, NC asks $33.71/SF/Yr to lease; the median asking sale price is $288/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Raleigh, NC has a median asking sale price of $367/SF (based on 4 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Raleigh, NC has a median asking sale price of $254/SF (based on 5 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Raleigh, NC has a median asking sale price of $219/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 64.1%
- Mixed use 27.5%
- Planned_development 4.3%
- Open space 1.7%
- Agricultural 1.4%
- Civic 1.1%
Largest Zones share of zoned land by district
R-4, 60 feet in R-6 and 50 feet in R-10. F. Density, Lot Area per Dwelling Unit, and Site Area per Dwelling Unit Residential density, where applicable, is expressed in units per acre and is calculated by dividing the total number of dwelling units by the gross site area. Unless otherwise specified herein, minimum lot sizes, minimum site areas per dwelling un…
Market overview
Demographics & Economy
Raleigh, NC has 559,915 residents in 253,602 households. Density runs 1,901 people per square mile. Median household income here is $90,505 and median gross rent $1,465 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Garner | $214 | — |
| Clayton | $219 | $30.00 |
| Wendell | $183 | — |
| Cary | $296 | $27.00 |
Commercial property in Raleigh, NC asks $252/SF. The 4 bordering markets run from $183/SF in Wendell to $296/SF in Cary, and the city sits above their $217/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Raleigh?
How much does it cost to lease commercial space in Raleigh?
How does Raleigh compare to nearby markets on price?
Where does Realmo's Raleigh market data come from?
Methodology & data sources
- Asking prices and medians
- There are 149 active for-sale and 244 active for-lease listings in Raleigh, NC. The medians are based on 73 of the for-sale and 65 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 117,183 zoned acres across 264 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
