Downtown Durham Sublease

Downtown Durham

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
770
As of: January 19, 2017

Downtown Durham Rates

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.

Downtown Durham Listing Supply

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.

Downtown Durham Community

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.

Market Report

Trends and status of the commercial real estate market in Downtown Durham.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Durham.
Research