On average, listings lease in the $30's per square foot per year. The Morrisville submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the The Triangle market, the Morrisville submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 50 listings have been listed, so you'll want to check back regularly for new listings. About 46% of the listings in the Morrisville are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,160 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this market were built in 1999 and are Class A.