Most listings are in the $30's per square foot per year. The Downtown Durham region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the The Triangle market, the Downtown Durham region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 147% of the available space in the Downtown Durham are subleases, so you might be able to snag a great spot on a short term. 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 6,210 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 7 floors. Most buildings in this region were built in 1938 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. 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.