Research Triangle Park - IBM Buildings 500-503

Off Market

4205 South Miami Blvd, Durham, NC 27703

  • Office
  • R&D - Office
  • 363,306 Sqft

Research Triangle Park - IBM Buildings 500-503, Durham, NC 27703 - Office Space

Research Triangle Park - IBM Buildings 500-503 is located at 4205 South Miami Blvd in the Research Triangle Park neighborhood, NC, Durham, 27703. The Class A Office building was completed in 1984 and features a total of 363,306 Sqft.

There are 122 office spaces for lease in the Research Triangle Park neighborhood, totaling 2,655,094 Sqft of available office space. The office space availability for the 27703 zip code is 1,708,341 Sqft, in 89 office spaces. The average asking office rent per sq. ft. in Research Triangle Park is $25.15/sqft/year. For Class A office buildings the average office rate is $26/sqft/year, for Class B office buildings the average office rate is $24.77/sqft/year.

In Research Triangle Park, there are 45 class A office buildings. In Research Triangle Park, there are a total of 8 LEED certified office buildings. In 1984, the same year Research Triangle Park - IBM Buildings 500-503 was built, 82 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Durham, featuring 2,086,473 square feet of commercial space. At zip code level, there are 115 commercial properties, of which 48 are office buildings over 50,000 square feet.

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Details

  • City Durham
  • Neighborhood Research Triangle Park
  • Zip Code 27703
  • Market Raleigh Durham
  • Property Type Office - R&D - Office
  • Property Size 363,306 Sqft
  • Lot Size 73.9 Acre
  • Parking Spaces Avail. 1198
  • Parking Ratio 3.30/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 1984
  • Date Updated 07 Apr, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of Research Triangle Park - IBM Buildings 500-503?

Research Triangle Park - IBM Buildings 500-503 totals 363,306 square feet.

When was this property built?

Research Triangle Park - IBM Buildings 500-503 was built in 1984.

Research Triangle Park Demographics

The average household income in zip code 27703 is $80,544, from a total of 20,836 households. In terms of employment, there are 79.77 % white-collar and 20.23 % blue-collar jobs in zip code 27703.

Population

  • Total Population14,944
  • Male Population(47.0 %) 7,028
  • Female Population(53.0 %) 7,915
  • Median Age36.00

Income/Financial

  • Average Household Income$85,029
  • Median Household Income$69,364
  • Median Income Under 25$35,494
  • Median Income 25-44$72,736
  • Median Income 45-64$89,352
  • Median Income Over 65$50,358