The typical asking rate per listing is in the $30's per square foot per year. The Warehouse District submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the The Triangle market, the Warehouse District region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 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 20% of the office spaces in the Warehouse District 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,680 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 7 floors. Most buildings in this market were built in 1926 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Warehouse District occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.