The typical asking rate per listing is in the $10's per square foot per year. The Morrisville submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 39% decline in rent.
Compared to the rest of the The Triangle market, the Morrisville submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 16 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 19% of the available leases in the Morrisville are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 6,730 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1999 and are Class A.