Most listings are in the $30's per square foot per year. The Central Park region is seeing a a boost in rates. In the last 3 months, the median rate went up $38 per sqft per year.
Compared to the rest of the The Triangle market, the Central Park submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 0 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Central Park 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 2,600 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 15 floors. Most buildings in this area were built in 1987 and are Class A.
Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Central Park folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.