On average, listings lease in the $20's per square foot per year. The Research Triangle Park submarket is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the The Triangle market, the Research Triangle Park submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 32 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 31% of the listings in the Research Triangle Park are subleases, so you might be able to find a shorter term or below market rent. 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 9,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1985 and are Class B.
Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Research Triangle Park residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.