On average, listings lease in the $30's per square foot per year. The Orange County region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the The Triangle market, the Orange County region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 13 listings have been listed, which means listings are probably 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 2,660 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 2001 and are Class A.