The typical asking rate per listing is 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 3% decline in rent.
Compared to the rest of the The Triangle market, the Orange County region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 10% of the listings in the Orange County are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,040 sqft. Most buildings in this market are close to 3 stories. Most buildings in this region were built in 2001 and are Class A.