raleigh Retail Market Report
By CREhunt Research · Data through Q1 2025 · Aggregated from Lee & Associates
Quarterly retail market indicators for raleigh, aggregated by CREhunt from Lee & Associates. As of Q1 2025, average asking rent was $27.05/SF/yr and vacancy was 2.3%, per Lee & Associates.
Projected current retail pricing — raleigh
Projected asking rent
$27.05/SF/yr
Estimated sale value
$260–$328/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 Lee & Associates data (cap rate 6.6%, asking rent held flat). Assumes ~98% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2025 Lee & Associates | $27.05/SF/yr | 2.3% | 415K SF | — | Lee & Associates |
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 $27.05/SF/yr, per Lee & Associates.
- What is the retail vacancy rate in raleigh?
- The retail vacancy rate in raleigh was 2.3% as of Q1 2025 (Lee & Associates).
- Where does CREhunt's raleigh market data come from?
- This report aggregates quarterly retail market data for raleigh from Lee & Associates.
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