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 fell $4 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the The Triangle market, the Research Triangle Park region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 14 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 7,550 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 1991 and are Class A.
Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Research Triangle Park folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.