The typical asking rate per listing is in the $20's per square foot per year. The Research Triangle Park submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $24 per sqft per year.
Compared to the rest of the The Triangle market, the Research Triangle Park region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 32 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 34% of the office spaces in the Research Triangle Park 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 posted, so finding a space for a small business might be tough.
Even though the median size is 9,900 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this market were built in 1985 and are Class B.
Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Research Triangle Park folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.