The typical asking rate per listing is in the $20's per square foot per year. The Research Triangle Park region is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the The Triangle market, the Research Triangle Park submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 15 listings have come on the market, which means new listings 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.
Even though the median size is 27,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1985 and are Class B.
Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Research Triangle Park occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.