City Center Sublease

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City Center

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
4,510
As of: March 12, 2017

City Center Rates

The typical asking rate per listing is in the $10's per square foot per year. The City Center region is experiencing a decline in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 51% decrease in rent.

Compared to the rest of the The Triangle market, the City Center submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

City Center Listing Supply

In the last 90 days, 7 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 4,510 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 7 floors. Most buildings in this market were built in 1973 and are Class A.

City Center Community

Wholesale trade is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst City Center occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in City Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research