On average, listings lease in the $20's per square foot per year. The Orange County submarket is seeing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the The Triangle market, the Orange County submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 13 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,690 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 2001 and are Class A.