On average, listings lease in the $20's per square foot per year. The Triangle submarket is going through a an increase in rates. In the last 3 months, the median rate rose $25 per sqft per year.
In the last 90 days, 15 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the office spaces in the Triangle are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 10,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1960.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Triangle occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Triangle.
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