City Center Office Space

City Center

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
620
As of: December 3, 2016

City Center Rates

Most listings are in the $30's per square foot per year. The City Center region is seeing a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 85% increase 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.

City Center Listing Supply

In the last 90 days, 16 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 620 sqft. Most properties in this area are close to 7 stories. Most buildings in this market 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 occupants. Commuting approximately 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