The typical asking rate per listing is in the $20's per square foot per year. The North Hills region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the The Triangle market, the North Hills submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 40 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the North Hills are subleases, so you will probably have to focus your search on direct office leases. 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 1,880 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst North Hills folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.