Downtown Raleigh is a trophy-tier Raleigh-Durham submarket with average asking rent around $44/sqft/yr.

  • Average asking rent: $44/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $36/sqft/yr ($36 USD).
  • Citywide vacancy: 16.8% — submarket-level availability is typically tighter at trophy tier.

Downtown Raleigh, Raleigh-Durham office rents and availability

Downtown Raleigh is a trophy-tier Raleigh-Durham submarket with average asking rent around $44/sqft/yr.

TL;DR

  • Average asking rent: $44/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $36/sqft/yr ($36 USD).
  • Citywide vacancy: 16.8% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Downtown Raleigh averages around $44/sqft/yr for Class A, against a citywide Class A index of 36. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

The state-capital trophy core. Tech, professional services, government, hospitality HQs.

Key facts

cityRaleigh-Durham
submarketDowntown Raleigh
tiertrophy
averageRentLocal$44/sqft/yr
cityClassARentUsd$36/sqft/yr
cityVacancyPct16.8%

Frequently asked questions

What is the average Class A rent in Downtown Raleigh, Raleigh-Durham?
Around $44/sqft/yr. The citywide Class A index sits at $36/sqft/yr.

Related

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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