On average, listings lease in the $10's per square foot per year. The City Center region is seeing a decline in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 51% decrease in rent.
Compared to the rest of the The Triangle market, the City Center region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 7 listings have come on the market, which means new availabilities are probably going fast. 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.
Even though the median size is 4,510 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 7 floors. Most buildings in this area were built in 1973 and are Class A.
Wholesale trade is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst City Center occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.