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)
1,970
As of: June 25, 2017

City Center Rates

The typical asking rate per listing is in the $10's per square foot per year. The City Center submarket is going through a a rise in rates. In the last 3 months, the median rate went up $17 per sqft per year.

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

City Center Listing Supply

In the last 90 days, 7 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 86% of the available leases in the City Center 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,970 sqft. Most buildings in this region are around 7 floors. Most buildings in this region 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 residents. Commuting approximately 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