On average, listings lease in the $20's per square foot per year. The East Durham region is experiencing a a rise in rates. In the last 3 months, the median rate rose $26 per sqft per year.
Compared to the rest of the The Triangle market, the East Durham region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 4 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available leases in the East Durham are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,210 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this region 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.