On average, listings lease in the $30's per square foot per year. The Downtown Durham region is experiencing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the The Triangle market, the Downtown Durham submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 22 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 770 sqft. Most properties in this region are close to 7 stories. Most buildings in this market were built in 1926 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Durham folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.