The typical asking rate per listing is in the $30's per square foot per year. The City Center region is experiencing a a rise in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a 85% rise in rent.
Compared to the rest of the The Triangle market, the City Center submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 16 listings have been made available, which means spaces might be leasing quickly. 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.
The standard measurement for office space in this area is around 620 sqft. Most buildings in this market are around 7 floors. Most buildings in this area were built in 1973 and are Class A.
Wholesale trade is the dominant industry in this region. 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.