The typical asking rate per listing is in the $0's per square foot per year. The Bull Durham region is seeing a decline in rates. In the last 3 months, the median rate fell $28 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 1 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Bull Durham are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,900 sqft. Most buildings in this region are around 11 floors. Most buildings in this area were built in 1963 and are Class B.
Public administration is the dominant industry in this market. Most of the folk of Bull Durham work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.