Most listings are in the $10's per square foot per year. The Research Triangle Park submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the The Triangle market, the Research Triangle Park submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 144 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Research Triangle Park 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,670 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market were built in 1985 and are Class B.
Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Research Triangle Park folk. Commuting approximately 30 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 Research Triangle Park.
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