raleigh durham Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from JLL
Quarterly office market indicators for raleigh durham, aggregated by CREhunt from JLL. As of Q1 2026, average asking rent was $31.55/SF/yr and vacancy was 18.7%, per JLL.
Projected current office pricing — raleigh durham
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for raleigh durham 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 Q1 2026 JLL asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~81% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 JLL | $31.55/SF/yr | 18.7% | 42K SF | — | JLL |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each raleigh durham 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 durham?
- As of Q1 2026, the average asking rent for office space in raleigh durham was $31.55/SF/yr, per JLL.
- What is the office vacancy rate in raleigh durham?
- The office vacancy rate in raleigh durham was 18.7% as of Q1 2026 (JLL).
- Where does CREhunt's raleigh durham market data come from?
- This report aggregates quarterly office market data for raleigh durham from JLL.