Most listings are in the $20's per square foot per year. The North Hills submarket is seeing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the The Triangle market, the North Hills submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 40 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 3% of the listings in the North Hills 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 2,240 sqft. Most buildings in this area are approximately 3 stories. 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 area. Commute by motorcycle is the most popular way to get to work amongst North Hills residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.