On average, listings lease in the $20's per square foot per year. The North Hills region is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the The Triangle market, the North Hills region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 43 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the North Hills are subleases, so you will probably have to consider a longer term lease. 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 3,200 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this region were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst North Hills folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.