Most listings are in the $30's per square foot per year. The City Center submarket is going through a an increase in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 85% increase in rent.
Compared to the rest of the The Triangle market, the City Center submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 16 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 620 sqft. Most properties in this area are around 7 stories. Most buildings in this market were built in 1973 and are Class A.
Wholesale trade is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst City Center folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.