On average, listings lease in the $20's per square foot per year. The Morrisville submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the The Triangle market, the Morrisville submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 278 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Morrisville 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,120 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 1999 and are Class A.
Real time and historical data on commercial real estate listings in Morrisville.
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