Powerhouse Square

116 North West Street, Raleigh, NC 27603

Property Information

  • For Lease $32.00/SF/YR
  • Property Type Office - General Office
  • Property Size 48,132 SF
  • Lot Size 1.06 Acre
  • Parking Spaces Avail. 112
  • Parking Ratio 2.34 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1925
  • Date Updated Oct 14, 2026

Description

Powerhouse Square is a 48,132-square-foot general office building situated on a 1.06-acre lot in Downtown Raleigh. The property offers 112 parking spaces with a parking ratio of 2.34 per 1,000 square feet, making it convenient for tenants and visitors. Originally built in 1925, the building carries a Class B designation, reflecting its quality and functionality for professional use. Its central location and ample parking capacity provide an excellent setting for businesses looking to establish themselves in a vibrant urban environment.

The surrounding Downtown Raleigh neighborhood enhances the appeal of Powerhouse Square with a variety of amenities within walking distance. Dining options such as 42nd Street Oyster Bar and Second Empire Restaurant are both less than 0.1 miles away, while hotels like Holiday Inn Raleigh Downtown and AC Hotel by Marriott Raleigh Downtown are just steps from the building. Nearby transportation hubs, including Raleigh Station approximately 0.4 miles away, ensure connectivity throughout the city. Additional conveniences include multiple parking decks within 0.3 miles and educational institutions such as Campbell University’s School of Law and William Peace University under a mile away. These features collectively make Powerhouse Square an attractive option for office tenants.

1 Space Available

116 North West Street

Space Type

General Office

Lease Rate

$32.00/SF/YR

Total Space

815 SF

Divisible Space

815 - 815 SF

Available Date

Dec 1, 2026

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Turnkey

No

Contacts

Location

Located at 116 North West Street, Raleigh, NC 27603, this property is part of the Downtown Raleigh neighborhood and Raleigh Durham market.

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