Office Suite Quotes:

Those looking for office suites in the Raleigh North Carolina area will be overwhelmed with options. Much like other large cities (Charlotte, Atlanta, Miami), there is a great deal of opportunities to explore in regards to running a business. Whether you’re looking for storage spaces, retail storefronts, or much more, you’ll find a great deal of spaces available. The office suite vacancy rate of Raleigh is at 15% and is slightly lower than the last quarters in 2009. A recent survey of opportunities in the area yielded comparable prices to larger areas with prices starting around $400 - $500 for smaller office spaces, and averaging around $1 for 1,000 square feet and more. You’ll find a great amount of different space to rent, own, and take advantage of for any size business. There are some great lease and rental options in the Raleigh area when it comes to commercial office space (office suites, business centers, office buildings, etc.) because of the slow and painful economy. The city of Raleigh is the capital city of the state North Carolina and the second largest city in the state. The city is sometimes called the “City of Oaks” due to the high concentration of Oak trees in the local area. The local population of the city is roughly 401,552.

Raleigh Economy:

The economy of Raleigh is based on industry, financial, banking, electrical, medical, and electronic development. The area is one of the most successful areas for biotech research and advanced textile developments. The area also has a great amount of film industry credentials, with many movies being filled in the area. It is currently ranked third in the nation in terms of film industry. The city of Raleigh was recently ranked number 5 as the top 25 cities to grow a career. There are many large companies, and different vocational opportunities for people looking to advance their vocation. Despite a variety of options to choose from, the unemployment rate is at 10.4% and is higher then the national average. Despite the increase as of late in terms of joblessness, the occupational outlook seems a bit positive according to analysts. As the national picture improves, the unemployment rate is bound to decline. You can read more about the local job market and national commercial real estate pricing by checking out our office suites articles.

Education / Culture:

For people looking to get a higher education, the local colleges in the area are world class, and offer degrees in any subject matter you can think of. Some of the colleges that call the area home include, Meredith College, Peace College, Wake Technical Community College, St Augustine College, Shaw University, North Carolina State University, and many more. Those looking to live and learn in Raleigh will have a great deal of opportunities.
The local airport is the Raleigh-Durham International Airport and offer upwards of 10 million passengers annually. While it is relatively mid-size, it still offers a great array of international and domestic flights to help both the Raleigh and Durham areas.
The crime rate of Raleigh is relatively low compared to some other larger cities. The area is 53 crimes per one thousand residents, and is almost about ½ of the rate of some other similar sized areas in the nation. Like with all large cities, there are areas that are safer than others, but it is relatively safe in many areas.