The typical asking rate per listing is in the $10's per square foot per year. The City Center submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $17 per sqft per year.
Compared to the rest of the The Triangle market, the City Center submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 86% of the listings in the City Center 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,970 sqft. Most properties in this market are close to 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 close to 20 minutes a day is the norm for those who opt to reside in this part of town.