On average, listings lease in the $20's per square foot per year. The Research Triangle Park submarket is going through a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% increase 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 undervalued region.
In the last 90 days, 35 listings have been listed, which means 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 posted, so finding a space for a small business might be tough.
Even though the median size is 39,700 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1985 and are Class A.
Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Research Triangle Park occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.