The typical asking rate per listing is in the $10's per square foot per year. The Research Triangle Park region is seeing a decline 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 less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 144 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the listings in the Research Triangle Park are subleases, so you will probably have to consider a longer term lease. 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 40,900 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 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 close to 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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