Most listings are in the $30's per square foot per year. The City Center region is going through a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year. That's a 104% rise in rent.
Compared to the rest of the The Triangle market, the City Center submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 114% of the office spaces in the City Center are subleases, so you might be able to find a shorter term or below market rent. 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 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 7 floors. Most buildings in this area were built in 1973 and are Class A.
Wholesale trade is the dominant industry in this region. 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.