Shannon Oaks — Lease in Cary, NC

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Cary, NC 27511
  • Size: 58,950 SF
  • Year built: 1998

Description

Market Context

This office in Cary, NC is listed for lease across 58,950 SF. The building dates to 1998. It has been on the market for 114 days. Compare it against other office listings for lease in Cary, 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 58,950 SF: $252,896 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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