Most listings are in the $10's per square foot per year. The Smithfield submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $18 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the The Triangle market, the Smithfield submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 4 listings have been made available, which means listings are probably leasing quickly. 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.
The standard measurement for office space in this area is around 1,870 sqft. Most properties in this region are close to 1 stories. Most buildings in this area were built in 1977 and are Class B.