On average, listings lease in the $30's per square foot per year. The Cary submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the The Triangle market, the Cary region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 767 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the listings in the Cary 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,260 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1998 and are Class B.
Real time and historical data on commercial real estate listings in Cary.
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