Raleigh Retail Market Report
By CREhunt Research · Data through Q1 2025 · Aggregated from , Cushman & Wakefield,
Quarterly retail market indicators for Raleigh, aggregated by CREhunt from , Cushman & Wakefield, . As of Q1 2025, average asking rent was $38.19/SF with a 21.0% vacancy rate.
Projected current retail pricing — Raleigh
Projected asking rent
$38.19/SF/yr
Estimated sale value
$334–$421/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2025 multiple brokerages data (cap rate 5.9%, asking rent held flat). Assumes ~79% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2025 | $38.19/SF | 21.0% | — | — | |
| Q1 2025 | $38.19/SF | 21.0% | -1K SF | — | Cushman & Wakefield |
| Q4 2020 | $27.05/SF | 2.3% | 292K SF | — |
Frequently asked questions
- What is the average asking rent for retail space in Raleigh?
- As of Q1 2025, the average asking rent for retail space in Raleigh was $38.19/SF.
- What is the retail vacancy rate in Raleigh?
- The retail vacancy rate in Raleigh was 21.0% as of Q1 2025.
- Where does CREhunt's Raleigh market data come from?
- This report aggregates quarterly retail market data for Raleigh from Cushman & Wakefield.
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