On average, listings lease in the $20's per square foot per year. The Research Triangle Park submarket is going through a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the The Triangle market, the Research Triangle Park submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 32 listings have been made available, which means office spaces most likley are 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,830 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this market 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 folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.