City Center Office Space

City Center

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
600
As of: January 19, 2017

City Center Rates

Most listings are in the $30's per square foot per year. The City Center region is experiencing a a rise 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 City Center region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

City Center Listing Supply

In the last 90 days, 12 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 600 sqft. Most properties in this market are close to 7 floors. Most buildings in this region were built in 1973 and are Class A.

City Center Community

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 residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in City Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research