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

As of Q1 2026, the average asking rent for office space in Raleigh was $5.00/SF, per Cushman & Wakefield.

What is the office vacancy rate in Raleigh?

The office vacancy rate in Raleigh was 1.8% as of Q1 2026 (Cushman & Wakefield).

Where does PropZone's Raleigh market data come from?

This report aggregates quarterly office market data for Raleigh from Cushman & Wakefield, CBRE, Colliers, Newmark, Lee Associates.

Raleigh Office Market Report

By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, CBRE, Colliers, Newmark, Lee Associates

Quarterly office market indicators for Raleigh, aggregated by PropZone from Cushman & Wakefield, CBRE, Colliers, Newmark, Lee Associates. As of Q1 2026, average asking rent was $5.00/SF with a 1.8% vacancy rate.

Projected current office pricing — Raleigh

low confidence

Projected asking rent

$31.39–$31.90/SF/yr

Estimated sale value

$163–$216/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q4 2025 Newmark data (cap rate 8.8%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.

Quarter	Asking rent	Vacancy	Net absorption	Under constr.	Source
Q1 2026	$5.00/SF	1.8%	-3K SF	—	Cushman & Wakefield
Q1 2026	—	18.6%	0K SF	—	CBRE
Q1 2026	—	1.9%	373K SF	—	Colliers
Q4 2025	$31.39/SF	—	—	—	Newmark
Q1 2025	—	14.7%	0K SF	—	CBRE
Q1 2025	—	5.1%	0K SF	—	Colliers
Q1 2025	$31.60/SF	11.1%	607K SF	—	Lee Associates
Q4 2020	$30.00/SF	7.5%	791K SF	—	Colliers
Q3 2020	—	—	0K SF	—	Cushman & Wakefield

Frequently asked questions

What is the average asking rent for office space in Raleigh?: As of Q1 2026, the average asking rent for office space in Raleigh was $5.00/SF, per Cushman & Wakefield.
What is the office vacancy rate in Raleigh?: The office vacancy rate in Raleigh was 1.8% as of Q1 2026 (Cushman & Wakefield).
Where does PropZone's Raleigh market data come from?: This report aggregates quarterly office market data for Raleigh from Cushman & Wakefield, CBRE, Colliers, Newmark, Lee Associates.

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