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The city of Raleigh has invested time and money to develop commercial real estate and opportunities for entrepreneurs to take advantage of. The downtown area has also received a great deal of gentrification, with many upgrades and appeal in the city center to help small business thrive at a low cost. A recent survey of commercial property vacancies in and around the Raleigh area, yielded many results at around $400 - $500 for small office spaces including executive suites in the downtown area. The city also has larger warehouse and retail storefront options at around $1.50 - $2 a square foot, rivaling the industry standard in many other mid-size cities. Most of the local areas for Raleigh commercial properties are serviced by us also - Angier, Apex, Cary, Chapel Hill, Clayton, Downtown, Fuquay Varina, Garner, Knightdale, Lynn, Louisburg, Mebane, New Hill, Rolesville, Rocky Mountain, Salem, Winston, and the north, east, west, and southern parts of the city. For other local cities like Charlotte, Miami, and Charleston, just search our listings online.

The second largest city and capital of the state of North Carolina is Raleigh. Often referred to as “The City of Oaks” it has a great history that dates back to the founding of the nation. The estimated population of the city center of Raleigh is 401,552 and the estimated greater metropolitan population is around 1.2 million residents. The city is home to several large colleges, a diverse economic picture, and many other amenities that have helped spike the city’s growth and development in recent years.

Economic Outlook:

The city of Raleigh has a diverse economic picture that includes several major industries. Some of the industries in the area include banking, electrical, medical, food processing and much more. The city is also home to a large film office, with several films being shot in the area on a regular basis. An interesting thing to note is that the city was ranked 5 in a list of top 25 cities for women to achieve their career goals by WomenCo. Despite the wealth of vocations to explore in and around the greater Raleigh area, it’s interesting to note that the unemployment rate has recently hovered around 9.5%, which is higher than the national average. While the area has seen a dip in the jobless rate numbers, the area still has some hard times to get through. As the economic picture stabilizes around the nation, the city will most likely see a growth in new jobs. Like most cities, the residents of Raleigh NC hope that once the economy turns around - slowly - that the Raleigh commercial real estate market will bounce back.

Weather / Housing:

The climate of Raleigh is categorized as humid subtropical and is relatively similar to much of mid-eastern states. The fluctuations in temperature varies from season to season. There are four major seasons in the area with winters that are mild and wet to hotter temperatures with high humidity in the summers. The temperatures and weather is usually moderate. The winter months can get quite cool and the area receives snowfall and lows below freezing on many consecutive days.
The real estate market in the city of Raleigh has seen some changes, and has dropped slightly, much like the rest of the nation, that is struggling. The average home price is around $203012 and looks to be rising in the near future as the national economic picture starts to stabilize more.
The mayor of the city of Raleigh is Charles Meeker, a democrat. He was elected in 2001 and has been reelected several times, and is currently tied as the longest city mayor, and has served in the public forum for quite some time. He is a graduate of Yale University and received a JD from Columbia University.