City Center Office Space

City Center

Market Report

Number of Listings
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
5,280

City Center Rates

Most listings are in the $30's per square foot per year. The City Center region is seeing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 9% increase in rent.

Compared to the rest of the The Triangle market, the City Center region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

City Center Listing Supply

In the last 90 days, 65 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the available leases in the City Center are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,280 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 7 stories. Most buildings in this region were built in 1973 and are Class A.

City Center Community

Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst City Center folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research