On average, listings lease in the $10's per square foot per year. The Morrisville submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the The Triangle market, the Morrisville submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 13 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 23% of the available space in the Morrisville 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 4,220 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1999 and are Class A.