The typical asking rate per listing is in the $20's per square foot per year. The Research Triangle Park submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the The Triangle market, the Research Triangle Park submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 32 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 38% of the available space in the Research Triangle Park 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,190 sqft, there are still 0 spaces 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 area. Commute by car is the most popular way to get to work amongst Research Triangle Park residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.