Retail Business for Lease in Raleigh, NC

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Raleigh, NC 27603

Description

Dorothea Dix Park is Growing! Just southwest of Downtown Raleigh, The Weld’s location across from Dorothea Dix Park offers unmatched connectivity to the city’s largest public greenspace as well as some of the best views of the Downtown skyline. East of the Park, the initial phase of the project will be comprised of two residential towers, potentially followed by future mixed-use phases. Each one will include ground-level retail and share a central greenspace that will serve as a gathering place for the project and naturally connect the architecture to the surrounding landscape.

Market Context

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