Compared to the rest of the The Triangle market, the Warehouse District region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Warehouse District 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 5,680 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 7 floors. Most buildings in this region 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 market. Commute by walking is the most popular way to get to work amongst Warehouse District residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.