Most listings are in the $30's per square foot per year. The Durham region is going through a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the The Triangle market, the Durham submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 886 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the Durham are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 15,620 sqft, there are still 0 office spaces 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 A.
Real time and historical data on commercial real estate listings in Durham.
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