The typical asking rate per listing is in the $30's per square foot per year. The Bull Durham region is experiencing a a boost in rates. In the last 3 months, the median rate rose $38 per sqft per year.
Compared to the rest of the The Triangle market, the Bull Durham submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 0 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Bull Durham are subleases, so you might be able to snag a great spot on a short term. 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 7,010 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 11 stories. Most buildings in this area were built in 2013 and are Class A.
Public administration is the dominant industry in this area. Most of the residents 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.