Most listings are in the $20's per square foot per year. The Research Triangle Park region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the The Triangle market, the Research Triangle Park region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 22 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the available leases in the Research Triangle Park 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 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 new availabilities below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1991 and are Class A.
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 residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.