Highlights
- The average rent for office space in Cary is $30.35 per square foot, 2.23% lower compared to the previous year.
- The average sale price for office space in Cary is $227.89 per square foot, marking an increase of 9.83% compared to 2024.
- The market’s vacancy rate stands at 22.25%, higher than the state average of North Carolina, which is 18.06%.
- Renting Class A/A+ office space here costs $30.61 per square foot, while Class B averages $29.71 and Class C stands at $24.00.
2025 Office Space Rent & Sales
- $30.35 2025 Avg. Asking Rent
- -2.23% Y-o-Y Avg. Asking Rent Change
- 22.25% 2025 Office Vacancy Rate
- $33.1M2025 Total Office Sales
- $227.89Avg. Sale Price/SF
What is the average asking rent price for office space in Cary?
Average asking rents for office space here stand at $30.35 per square foot. The local office market recorded an average vacancy rate of 22.25% in 2025, unchanged from 22.25% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $33.1M across 3 sales. These transactions commanded an average sale price per square foot of $227.89.
Cary, NC Office Asking Rents by Class
What is the average office rent per square foot by property class in Cary?
- Avg. Asking Rent Class A & A+$30.61
- Avg. Asking Rent Class B$29.71
- Avg. Asking Rent Class C$24.00
The average asking rent for Class A and A+ office space stood at $30.61 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Cary averaged $29.71 per square foot, while the average for Class C space was $24.00 per square foot.
What is the average office rent per square foot by property class in NC?
- Avg. Asking Rent Class A & A+$34.61
- Avg. Asking Rent Class B$27.56
- Avg. Asking Rent Class C$18.16
For comparison, the average rent for Class A and A+ office space in North Carolina was $34.61 per square foot. The state-wide average for Class B space was $27.56 per square foot, and Class C office spaces averaged $18.16 per square foot.
Cary, NC Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| North Cary | $30.60 | 11.49% |
| South Cary | $30.33 | 29.13% |
| Morrisville | $29.89 | 26.72% |
| South Raleigh | $29.28 | 29.11% |
| Apex - South Wake County | $25.71 | 23.49% |
2025 Office Sales Volume
- $227.892025 Avg. Price per SF
- 9.83%Y-o-Y Avg. PpSF Change
- $33.1M2025 Office Sales Volume
- 32025 Number of Transactions
What is the average sale price per square foot for office space in Cary?
Average sale prices for office space in this market recorded a +9.83% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $227.89 per square foot. For comparison, the statewide North Carolina average during the same time period stood at $176.47 per square foot, while the national average was $182.48 per square foot.
Cary, NC Sale Price per SF Trend
- Cary Avg. Sale Price per SF in 2025$227.89
- North Carolina Avg. Sale Price per SF in 2025$176.47
What was the total office sales volume in Cary in 2025?
The local office market recorded 3 deals in 2025, adding up to a yearly sales volume of $33.1M.
- Cary, NC Total Office Sales Volume in 2025 $33.1M
- Cary, NC Total Number of Office Sales Closed in 2025 3
2025 Office Construction in Cary, NC
- Cary, NC Total SF completed in 2025 262,400
How much office space was built in Cary in 2025?
What are the largest recent office completions in Cary?
The largest recent office completion here is 5000 CentreGreen at 170,372 square feet, completed in 2017. The next largest completions are Crescent Lakeside II and 1000 CentreGreen.
| Office building | Address | SF | Completed |
|---|---|---|---|
| HealthPark at Kildaire I | 115 Kildaire Park Dr., 27518 | 87,000 | 2019 |
| 5000 CentreGreen | 5000 Centregreen Way, 27513 | 170,372 | 2017 |
| 7560 Carpenter Fire Station Road | 7560 Carpenter Fire Station Road, 27519 | 36,000 | 2017 |
| Crescent Lakeside II | 1255 Crescent Green Drive, 27518 | 146,000 | 2008 |
| 5640 Dillard Dr | 5640 Dillard Dr, 27518 | 18,678 | 2008 |
| 1000 CentreGreen | 1000 Centregreen Way, 27513 | 98,000 | 2007 |
| Cary Park Town Center | 10030 Green Level Church Road, 27519 | 93,211 | 2007 |
| Tryon Office Center II | 1110 SE Cary Pkwy, 27518 | 33,000 | 2006 |
| 530 New Waverly Pl | 530 New Waverly Pl, 27518 | 44,792 | 2005 |
| Rex Cary Medical Office Building | 1505 SW Cary Pkwy, 27511 | 63,500 | 2002 |
See reports for other markets
- Charlotte Office Rent Price
- Raleigh Office Rent Price
- Durham Office Rent Price
- Greensboro Office Rent Price
- Winston-Salem Office Rent Price
- Asheville Office Rent Price
- Morrisville Office Rent Price
- Chapel Hill Office Rent Price
- Miami Office Rent Price
- Los Angeles Office Rent Price
- Austin Office Rent Price
- Phoenix Office Rent Price
- Atlanta Office Rent Price
- Houston Office Rent Price
- Dallas Office Rent Price
- Washington Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.