On average, listings lease in the $20's per square foot per year. The Morrisville submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 24% decline in rent.
Compared to the rest of the The Triangle market, the Morrisville submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 50 listings have been posted online, so you'll want to check back regularly for new listings. About 20% of the listings in the Morrisville are subleases, so you might be able to snag a great spot on a short term. 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 9,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 1 stories. Most buildings in this area were built in 1999 and are Class A.