Raleigh Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, CBRE, Colliers, Newmark, Avison Young
Quarterly office market indicators for Raleigh, aggregated by CREhunt from Cushman & Wakefield, CBRE, Colliers, Newmark, Avison Young. As of Q1 2026, average asking rent was $5.00/SF/yr and vacancy was 1.8%, per Cushman & Wakefield.
Projected current office pricing — Raleigh
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Raleigh office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q4 2025 Newmark asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent trend-adjusted to today). Assumes ~80% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Cushman & Wakefield | $5.00/SF/yr | 1.8% | -3K SF | — | Cushman & Wakefield |
| Q1 2026 CBRE | — | 18.6% | 3 SF | — | CBRE |
| Q1 2026 Colliers | — | 1.9% | 373K SF | — | Colliers |
| Q4 2025 Newmark | $31.39/SF/yr | 19.8% | 1K SF | — | Newmark |
| Q3 2025 Avison Young | $29.50/SF/yr | — | — | — | Avison Young |
| Q2 2025 Cushman & Wakefield | $30.68/SF/yr | 23.8% | -108K SF | — | Cushman & Wakefield |
| Q1 2025 Colliers | — | 5.1% | 5 SF | — | Colliers |
| Q1 2025 Cushman & Wakefield | $38.19/SF/yr | 32.6% | -181K SF | — | Cushman & Wakefield |
| Q4 2020 Colliers | $30.00/SF/yr | 7.5% | 791K SF | — | Colliers |
| Q3 2020 Cushman & Wakefield | $25.96/SF/yr | 9.3% | 191K SF | — | Cushman & Wakefield |
| Q1 2020 Cushman & Wakefield | $26.66/SF/yr | 9.9% | 475K SF | — | Cushman & Wakefield |
| Q4 2018 Colliers | $24.36/SF/yr | 7.7% | 791K SF | — | Colliers |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Raleigh office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Cary | $28.00/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| Chapel Hill (Orange County) | $28.91/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| Downtown Durham | $35.65/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| Downtown Raleigh | $32.54/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| RALEIGH-DURHAM | $30.68/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| Six Forks | $40.29/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| South Durham | $28.49/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| US 70/Glenwood | $29.55/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| Village District | $28.03/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| West Raleigh | $30.78/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
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/yr, 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 CREhunt's Raleigh market data come from?
- This report aggregates quarterly office market data for Raleigh from Cushman & Wakefield, CBRE, Colliers, Newmark, Avison Young.