Most listings are in the $30's per square foot per year. The Warehouse District region is seeing a an increase in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the The Triangle market, the Warehouse District submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,680 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 7 floors. Most buildings in this market were built in 1926 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Warehouse District occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.