On average, listings lease in the $10's per square foot per year. The Northclift region is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 34% increase in rent.
Compared to the rest of the The Triangle market, the Northclift region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available leases in the Northclift are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Northclift folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.