The typical asking rate per listing is in the $20's per square foot per year. The East Durham submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $26 per sqft per year.
Compared to the rest of the The Triangle market, the East Durham region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 4 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the listings in the East Durham are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,210 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 5 floors. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst East Durham occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.