Durham Retail

Durham

Office Space Market Report

Number of Listings (last 90 days)
53
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,450
As of: December 10, 2016

Durham Rates

On average, listings lease in the $20's per square foot per year. The Durham 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 Durham region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Durham Listing Supply

In the last 90 days, 53 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Durham 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 1,450 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1995 and are Class A.

Durham Community

Market Report

Trends and status of the commercial real estate market in Durham.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Durham.
Research