The typical asking rate per listing is in the $20's per square foot per year. The Research Triangle Park region is experiencing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% 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 undervalued region.
In the last 90 days, 15 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 11,920 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1985 and are Class A.
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 occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.