On average, listings lease in the $30's per square foot per year. The Warehouse District submarket is going through a a boost in rates. In the last 3 months, the median rate rose $36 per sqft per year.
Compared to the rest of the The Triangle market, the Warehouse District region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 17,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 7 floors. Most buildings in this area were built in 1926 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Warehouse District folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.