Retail Business for Lease in Durham, NC

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Durham, NC 27705

Description

Duke Adjacent Mixed-Use Project Offering integrated retail and restaurant uses, Exchange on Erwin is a rare opportunity to lease in the Durham’s General Education and Medical corridor. The property features direct access to the luxury Flats on Exchange apartment community (265 units), adjoining office, and Duke University Hospital (over 11,000 employees). Additionally, the Property is within walking distance to Duke University (14,600 students) and the VA Hospital (3,400 employees). Durham has experienced a renaissance of growth in the last five years, with no end in sight. A thriving community abounding with a well-educated and creative demographics, Durham’s growth trajectory is continually positive.

Market Context

This retail in Durham, NC is listed for lease. It has been on the market for 148 days. Compare it against other retail listings for lease in Durham, NC — <a href="/search/lease/retail/north-carolina/durham">view the full market</a>.

As of Q1 2025, the Raleigh retail market showed a 21.0% vacancy rate, average asking rents near $38.19/SF/yr, rents up 3.1% year over year, and cap rates around 5.9%. Source: Consensus Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Raleigh?
About 5.9% as of Q1 2025, per Consensus.
Is the Raleigh retail market tightening or softening?
Vacancy is around 21.0%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Very Low Confidence

$4.80/SF/mo – $6.49/SF/mo

Mid: $5.65/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market tucson (similarity: 100%) with 16 comparable listings.

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