On average, listings lease in the $20's per square foot per year. The The Triangle submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the The Triangle market, the The Triangle region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5539 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available leases in the The Triangle 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,270 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region 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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