Downtown Durham Retail

Downtown Durham

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
3,130
As of: June 26, 2017

Downtown Durham Rates

Most listings are in the $30's per square foot per year. The Downtown Durham region is going through a a rise in rates. In the last 3 months, the median rate increased $34 per sqft per year.

Compared to the rest of the The Triangle market, the Downtown Durham region has greater rates, and you'll need to pay a premium to be in this hot region.

Downtown Durham Listing Supply

In the last 90 days, 15 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 93% of the office spaces in the Downtown Durham are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,130 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 7 floors. Most buildings in this region were built in 1963 and are Class A.

Downtown Durham Community

A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Durham residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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