The typical asking rate per listing is in the $20's per square foot per year. The Morrisville submarket is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the The Triangle market, the Morrisville region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 50 listings have come on the market, so you'll want to check back regularly for new listings. 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 5,620 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this market were built in 1999 and are Class A.