Raleigh, NC Commercial Real Estate Market Trends & Data

What Are Current Commercial Real Estate Benchmarks in Raleigh?

Raleigh commercial properties are averaging $399 per square foot to buy and $52 per square foot to lease, with cap rates near 6.41% across asset types. The data below covers sale prices, lease rates, cap rates, and building sizes by property type to support early-stage market evaluation.

Explore Commercial Properties in Raleigh

Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.

Commercial Property For Sale in Raleigh

Commercial Property For Rent in Raleigh

Raleigh's Demographic Profile

Raleigh has 207,206 households and a median income of $75,944, providing context for rent absorption and tenant demand across retail and multifamily assets. A 8% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metrics	Value
Population	490,799
# Households	207,206
Median age	36
Median household income	$75,944
Avg household size	2
Renter-occupied housing units	108,302
5-year population change	8%

Commercial Real Estate Market Snapshot in Raleigh

Use the benchmarks below to set initial underwriting baselines for Raleigh, typical deal size, entry costs, and cap rate ranges by asset type before evaluating individual listings.

Key Market Metrics	Value
Avg asking sale price	$399 per SF
Avg asking lease rate	$52 per SF
Avg unit size for lease	20,140 SF
Avg building size for sale	14,851 SF
Average cap rate	6.41%

The 6.41% average cap rate reflects current return expectations relative to Raleigh pricing and deal scale. Use this alongside asking prices and lease rates to establish initial underwriting assumptions.

Commercial Properties For Sale In Raleigh

The listings below reflect how current market pricing and building scale translate into active opportunities available today.

For Sale

Agile Development Site in an Affluent Area

Wake Forest, NC 27587

15.76 AC Lot
1 Commercial Lot
Auction Sale

For Sale

Alexander Office Park Building 1

Raleigh, NC 27617

56,679 SF Office Building
$2,049,000

For Sale

Rock Quarry Rd Portfolio

Raleigh, NC

$1,800,000

For Sale

Lake Johnson Quadplex

Raleigh, NC 27606

3,981 SF Multifamily
$699,999

For Sale

Raymo Care Care & Raleigh Outlet

Raleigh, NC 27610

20,130 SF Flex Building
7.65% Cap Rate
$3,211,000

For Sale

Outback Steakhouse | Ground Lease

Wake Forest, NC 27587

4,694 SF Retail Building
5.25% Cap Rate
$3,810,000

For Sale

3009 Sanderford Rd

Raleigh, NC 27610

1.18 AC Lot
1 Commercial Lot
$590,000

For Sale

3009 Village Park Dr

Knightdale, NC 27545

9,000 SF Flex Building
$504,350 - $1,152,200

Commercial Market Metrics by Property Type

Office Building Market Metrics Near Raleigh

Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.

Nearby Office Markets	Avg Cost/SF	Typical Size	Cap Max
Raleigh	$395	11,466 SF	7.23%
Cary	$381	9,549 SF	7.23%
Morrisville	$360	52,519 SF	6.50%

Industrial Property Market Metrics Near Raleigh

Industrial market data shows how cost per square foot and typical building size differ by submarket, supporting comparisons around deal scale and pricing alignment.

Nearby Industrial Markets	Avg Cost/SF	Typical Size	Cap Max
Raleigh	$301	20,384 SF	7.65%
Garner	$168	13,199 SF	7.00%
Cary	$415	45,729 SF	6.75%

Retail Property Market Metrics Near Raleigh

Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.

Nearby Retail Markets	Avg Cost/SF	Typical Size
Raleigh	$438	8,944 SF
Knightdale	$350	1,882 SF
Garner	$526	9,370 SF
Cary	$412	12,335 SF
Morrisville	$478	13,775 SF

Multifamily Property Market Metrics Near Raleigh

Multifamily metrics show how pricing and building size relate to observed cap rate ranges, helping investors evaluate income potential relative to entry cost.

Nearby Multifamily Markets	Avg Cost/SF	Typical Size	Cap Max
Raleigh	$266	20,333 SF	6.25%
Angier	$193	14,327 SF	5.90%

How Investors Evaluate Commercial Real Estate Markets in Raleigh

Use these tools to move from market-level signals to deal-level math. Each calculator helps translate Raleigh pricing, rents, and building size into concrete metrics like value, income, and space requirements, so you can validate assumptions before spending time on individual listings.

Commercial Property Valuation

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What Is a Cap Rate?

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Net Operating Income (NOI) Calculator

Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment

Internal Rate of Return (IRR) Calculator

Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.

Cash on Cash Return

Learn How Cash on Cash Return Can Optimize Your Real Estate Investments

Debt Service Coverage Ratio (DSCR) Calculator

Assess Your Investment's Health in Seconds

Gross Rent Multiplier (GRM) Calculator & Investment Guide

Simplifying Your Investment Analysis

Land Loan Calculator

Use this calculator to estimate monthly payments, interest, and total financing costs for raw, unimproved, or improved land purchases.

Balloon Payment Calculator

Use this calculator to estimate monthly payments, total interest, and the final lump-sum balloon payment for commercial real estate loans.

Office Space Calculator

Estimate How Much Space Your Team Really Needs

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Raleigh pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets	Avg Cost/SF	Average Size
Raleigh	$399	14,851 SF
Knightdale	$491	1,982 SF
Garner	$411	9,013 SF
Cary	$377	16,618 SF
Morrisville	$481	36,789 SF

Multifamily For Sale In Raleigh

Multifamily listings shown here connect market pricing and cap rate patterns with income-producing opportunities currently available.

For Sale

Live • Work • Play - UNITS!

Raleigh, NC 27601

115,560 SF Multifamily
Price Upon Request

For Sale

Westgrove Tower

Raleigh, NC 27606

138,985 SF Multifamily
Price Upon Request

Regional Demographic Comparison

This comparison places Raleigh alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Raleigh or distributed across surrounding areas.

City	Population	# Households	Age	MedianHouseholdIncome	AvgHouseholdSize	RenterOccupiedHousingUnits	FiveYrPopGrowthPct
Raleigh	490,799	207,206	36	$75,944	2	108,302	8%
Knightdale	21,249	7,864	38	$71,793	3	2,827	8%
Garner	37,916	15,259	40	$73,547	2	5,933	9%
Cary	181,195	69,481	41	$121,486	3	25,395	7%
Morrisville	32,508	12,393	36	$111,942	3	6,942	9%

FAQs About Commercial Investing in Raleigh

View All Commercial Real Estate For Sale in Raleigh

Is Raleigh a good market for a first-time commercial real estate investor?

Raleigh offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Raleigh?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Raleigh. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Raleigh?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Raleigh. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Raleigh compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Raleigh. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Raleigh acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Raleigh, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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