The typical asking rate per listing is in the $20's per square foot per year. The Research Triangle Park region is going through a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the The Triangle market, the Research Triangle Park region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 15 listings have been listed, which means leases are probably 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 posted, so finding a space for a small business might be tough.
Even though the median size is 11,920 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this market were built in 1985 and are Class A.
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 residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.