Most listings are in the $30's per square foot per year. The Downtown Durham submarket is going through a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 85% increase in rent.
Compared to the rest of the The Triangle market, the Downtown Durham region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 19 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the Downtown Durham are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 properties in this region are around 7 floors. 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.