On average, listings lease in the $20's per square foot per year. The The Triangle submarket is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the The Triangle market, the The Triangle submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 696 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available leases in the The Triangle are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,050 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1995 and are Class B.