Most listings are in the $30's per square foot per year. The Downtown Durham region is experiencing a a boost in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the The Triangle market, the Downtown Durham submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 15 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 93% of the available space in the Downtown Durham 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 3,130 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 7 floors. Most buildings in this area were built in 1963 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Durham occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.