The typical asking rate per listing is in the $30's per square foot per year. The Central Park submarket is going through a an increase 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 Central Park submarket has more expensive 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 posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Central Park 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,600 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 15 stories. Most buildings in this region were built in 1987 and are Class A.
Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central Park residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.