The typical asking rate per listing is in the $30's per square foot per year. The City Center submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the The Triangle market, the City Center submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 15 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 600 sqft. Most properties in this region are around 7 stories. Most buildings in this area were built in 1973 and are Class A.
Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst City Center folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.