NEC South Sounders Street & Raleigh Beltline, Raleigh, NC 27603
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- Property Type Office - General Office
- Property Size 2,085,000 SF
- Lot Size 68 Acre
- City Raleigh, NC
- Neighborhood Downtown Raleigh
- Zip Code 27603
- Market Raleigh Durham
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Average Actual Rents in Raleigh
Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.
Asking Rents in Raleigh Office Market
Office rental rates are based on aggregated data of asking rates.
- 2020 Avg. Asking Rent $28.63
- 2020 Office Vacancy Rate 9.63%
- 2020 Office Completions (SF) 944,005
Raleigh Office Sales Trends
All sale prices are based on publicly recorded, verified sales.
- 2020 Avg. Price per SF $308.70
- Y-o-Y Avg. PpSF Change 9.21%
- 2020 Office Sales Volume $430.9M
- 2020 Number of Transactions 9
- Property Tax in 2021 $408,938
- Base Tax $8,313
- Current Tax $8,433
- Market Value* $42,883,001
- Assessed Value $42,883,001
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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.
Frequently Asked Questions
What is the total square footage of Downtown South?
Downtown South totals 2,085,000 square feet.
What is the property tax for Downtown South?
The property tax for Downtown South in 2021 was $408,938.
What is the market value for Downtown South?
The market value* for Downtown South in 2021 was $42,883,001.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.
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