On average, listings lease in the $30's per square foot per year. The Orange County submarket is going through a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the The Triangle market, the Orange County submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 13 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the Orange County are subleases, so you will probably have to focus your search on direct office leases. 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 3,250 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region were built in 2001 and are Class A.