GlenLake Five — Lease in Raleigh, NC

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Raleigh, NC 27612
  • Size: 166,000 SF
  • Year built: 2015

Description

Market Context

This office in Raleigh, NC is listed for lease across 166,000 SF. The building dates to 2015. It has been on the market for 112 days. Compare it against other office listings for lease in Raleigh, NC — view the full market.

As of Q1 2026, the Raleigh office market showed a 1.9% vacancy rate, and average asking rents near $5.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Office market FAQ

Is the Raleigh office market tightening or softening?
Vacancy is around 1.9% (Q1 2026).

Estimated Market Rate

$3.65/SF/mo – $4.93/SF/mo

Mid: $4.29/SF/mo

Estimated total for 166,000 SF: $712,140 per month

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

Based on comparable properties in similar markets rather than local sales.

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