On average, listings lease in the $10's per square foot per year. The Terry Sanford submarket is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 8% rise in rent.
In the last 90 days, 27 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 37% of the available leases in the Terry Sanford 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Terry Sanford occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.