The typical asking rate per listing is in the $30's per square foot per year. The Orange County submarket is going through a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the The Triangle market, the Orange County submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 12 listings have been posted online, which means leases might be 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,330 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 2001 and are Class A.