The typical asking rate per listing is in the $20's per square foot per year. The The Triangle submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the The Triangle market, the The Triangle submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 5539 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the office spaces in the The Triangle are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,290 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1995 and are Class B.
Real time and historical data on commercial real estate listings in The Triangle.
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