Retail Business for Lease in Cary, NC

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Cary, NC 27511

Description

Regional Shopping Center at US Hwy 1 & US Hwy 64 in Cary

Market Context

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