Raleigh Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Raleigh is $34.43 per square foot, 0.92% lower compared to the previous year.
  • The average sale price for office space in Raleigh is $252.39 per square foot, marking an increase of 59.29% compared to 2024.
  • The market’s vacancy rate stands at 20.30%, higher than the state average of North Carolina, which is 18.06%.
  • Renting Class A/A+ office space here costs $37.49 per square foot, while Class B averages $28.71 and Class C stands at $19.42.

2025 Office Space Rent & Sales

  • $34.43 2025 Avg. Asking Rent
  • -0.92% Y-o-Y Avg. Asking Rent Change
  • 20.30% 2025 Office Vacancy Rate
  • $308.2M2025 Total Office Sales
  • $252.39Avg. Sale Price/SF

What is the average asking rent price for office space in Raleigh?

Average asking rents for office space here stand at $34.43 per square foot. The local office market recorded an average vacancy rate of 20.30% in 2025, unchanged from 20.30% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $308.2M across 20 sales. These transactions commanded an average sale price per square foot of $252.39.

Raleigh, NC Office Asking Rents by Class

What is the average office rent per square foot by property class in Raleigh?

  • Avg. Asking Rent Class A & A+$37.49
  • Avg. Asking Rent Class B$28.71
  • Avg. Asking Rent Class C$19.42

The average asking rent for Class A and A+ office space stood at $37.49 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Raleigh averaged $28.71 per square foot, while the average for Class C space was $19.42 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.

Raleigh, NC Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Raleigh was North Wake County at 11.97%. Meanwhile, the highest office vacancy rate in the market was 29.13%, recorded in South Cary.
Submarket Asking Rents Vacancy Rates
Raleigh - Capital Blvd $39.44 15.78%
Raleigh CBD $36.86 26.69%
Raleigh - Falls of Neuse $34.13 24.85%
Raleigh - Glenwood Ave $33.88 16.58%
West Raleigh $32.95 17.27%
Airport - Northwest Raleigh $30.82 21.40%
South Cary $30.33 29.13%
Raleigh - Six Forks Road $30.31 21.99%
South Raleigh $29.28 29.11%
North Wake County $23.07 11.97%
Data provided by Yardi Research

Explore Top Office Markets in North Carolina

2025 Office Sales Volume

  • $252.392025 Avg. Price per SF
  • $308.2M2025 Office Sales Volume
  • 202025 Number of Transactions

What is the average sale price per square foot for office space in Raleigh?

Average sale prices for office space in this market recorded a +59.29% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $252.39 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.

Raleigh, NC Sale Price per SF Trend

  • Raleigh Avg. Sale Price per SF in 2025$252.39
  • North Carolina Avg. Sale Price per SF in 2025$176.47

What was the total office sales volume in Raleigh in 2025?

The local office market recorded 20 deals in 2025, adding up to a yearly sales volume of $308.2M.

  • Raleigh, NC Total Office Sales Volume in 2025 $308.2M
  • Raleigh, NC Total Number of Office Sales Closed in 2025 20

What were the largest office building sales in Raleigh in 2025?

The market’s largest transaction last year was the sale of Advance Auto Parts Tower for $137,500,000 on 3/18/2025.
The next-highest sale was the transaction involving Highwoods Tower One, which traded for $20,500,000. The third-largest transaction was the sale of Reynolds Building for $15,950,000.

Property name Address Date Price
Advance Auto Parts Tower 4000 Front at North Hills Street 3/18/2025 $137,500,000
Highwoods Tower One 3200 Beechleaf Court 12/23/2025 $20,500,000
Reynolds Building 316 West Edenton Street 6/26/2025 $15,950,000
Trinity Corporate Park - 1500 Sunday Drive 1500 Sunday Drive 12/18/2025 $10,759,500
Horizon I & II 7701 Six Forks Road 10/27/2025 $10,150,000
Data provided by Yardi Research

Office Construction in Raleigh, NC

What are the largest recent office completions in Raleigh?

The largest recent office completion here is 1000 Social at 353,891 square feet, completed in 2024. The next largest completions are Raleigh Crossing and Tower Two @ Bloc[83].

Office building Address SF Completed
1000 Social 1010 Saint Albans Drive, 27609 353,891 2024
The Macon at Edwards Mill 4225 Macon Pond Road, 27607 126,272 2024
GlenLake Three 4300 Edwards Mill Road, 27612 205,000 2023
400H 400 Hillsborough Street, 27603 161,345 2023
Raleigh Crossing 301 Hillsborough Street, 27603 292,457 2022
The Edge - Midtown 4109 Wake Forest Road, 27609 33,793 2022
Tower Two @ Bloc[83] 621 Hillsborough Street, 27603 271,320 2021
Palisades III 1501 Nowell Road, 27607 167,307 2021
Wade V 5438 Wade Park Blvd, 27607 209,145 2020
Crabtree Terrace 4509 Creedmoor Road, 27612 173,468 2020
Data provided by Yardi Research

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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.