On average, listings lease in the $30's per square foot per year. The Bull Durham submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the The Triangle market, the Bull Durham region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 0 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Bull Durham are subleases, so you might be able to snag a great spot on a short term. 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 1,840 sqft. Most properties in this area are close to 11 stories. Most buildings in this market were built in 2013 and are Class A.
Public administration is the dominant industry in this market. Most of the folk of Bull Durham work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.