Office & Employment
Downtown Raleigh is attracting new employers, tech companies, Class A office projects, ultra-fast internet service, and is home to an increasingly talented workforce. Downtown Raleigh is the densest office market in the Triangle with more office space, amenities, and employees per acre than any other submarket.
While Downtown Raleigh’s overall vacancy has risen since the pandemic, the eight existing trophy class buildings have seen 109,840 square feet of positive net absorption through Q2 2023 top top of an additional 404,755 square feet in 2022.
Source: JLL
Downtown Raleigh is well positioned between our national peers with more affordable rent and a lower vacancy rate. Market rent in downtown has grown slightly year over year, increasing 1.7%.
Source: CoStar
Office Map
Completed
150 Fayetteville (Renovation)
150 Fayetteville St
208 Fayetteville (Renovation)
Raleigh, NC
227 Fayetteville St (Renovation)
Raleigh, NC
301 Hillsborough at Raleigh Crossing
301 Hillsborough St
303 N West St
Raleigh, NC
333 Fayetteville (Renovation)
Raleigh, NC
416 S Dawson Dr Pepper
Raleigh, NC
421 N. Harrington
Raleigh, NC
500 W Peace St
Raleigh, NC
518 W Jones St (Renovation)
Raleigh, NC
707 N West St
Raleigh, NC
Charter Square
Raleigh, NC
The Dillon
Raleigh, NC
First Citizens Bank Building (Renovation)
Raleigh, NC
FNB Tower
501 Fayetteville St
Hargett West
107 W. Hargett St
Martin Building (Renovation)
Raleigh, NC
One Glenwood
1 Glenwood Ave
Rainbow Upholstery Building
911 N West St
Tower Two at Bloc[83]
Raleigh, NC
Under Construction
122 Glenwood (Renovation)
122 Glenwood Ave
400H
400 Hillsborough St
Planned & Proposed
The Creamery Mixed-Use
400 Glenwood Ave
The Edge
301 S Wilmington St
The Nexus
215 S. McDowell St
Salisbury Square Phase I
700 S Salisbury St
Smoky Hollow Phase III
Raleigh, NC
Tower Three at Bloc[83]
615 W Morgan St
Transfer Co. Food Hall Phase II
500 E Davie St