Durham, NC Commercial Real Estate for Lease and Sale
Explore 321 listing(s) of commercial real estate in Durham, NC to find the best space for your business.
Here is a rundown of the primary commercial real estate property types currently available in Durham:
The average rent for commercial real estate in Durham is $26.13 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Durham costs $1.65, while the city’s premium locations ask up to $70.83.
Office space here averages $33.69 per square foot while industrial space averages $14.83 per square foot. The variation reflects differences in property types, quality, and demand.
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
The best area for commercial real estate in Durham will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Research Triangle Park, home to no fewer than 177 listings for space of all types. If you're looking for office space, Research Triangle Park has the highest concentration of office listings at 156.
Meanwhile, Research Triangle Park has the highest number of industrial availabilities (9), while Downtown Durham boasts the largest number of retail listings in the city (24).
CommercialCafe’s CRE offering in Durham is enabled by a network of 161 active brokers from 75 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.
To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.
Asking rents in the city can be as high as $70.83 per square foot. In particular, the property type commanding the highest lease rates in Durham is Retail space.
The average size of a commercial property here stands at 932,676. However, different asset classes and zoning laws will result in vastly different property sizes.
Here is a breakdown of the average size of different commercial asset classes in Durham:
Office properties:
| Property Type | Count of Listings | Total Sq. Ft. |
|---|---|---|
| Office | 130 | 4,156,574 |
| Retail | 55 | 486,797 |
| Industrial | 40 | 4,927,039 |
| Other | 17 | 932,676 |
| Property Type | Count of Listings | Total Sq. Ft. |
|---|---|---|
| Office | 11 | 100,732 |
| Retail | 7 | 67,642 |
| Industrial | 6 | 459,962 |
| Other | 36 | 38,049 |
The City of Durham is strategically located in the heart of North Carolina, thanks to Bartlett S. Durham — the man who donated his land for a railroad station, which laid the city’s initial foundation. At first, Durham thrived as a hub for the tobacco industry. Today, the city is a confluence of education, creativity, industry and innovation. Commercial real estate in Durham serves a diverse economy in which technology, healthcare and education are the main industries.
Along with Raleigh and Chapel Hill, Durham makes up what is commonly referred to as The Triangle — Raleigh-Durham-Chapel Hill Research Triangle Park or RTP for short — a high-tech research and development center that has greatly revitalized the region following deindustrialization. In addition to research and development, local commercial inventory caters to manufacturing activity; logistical and storage enterprise; and business services firms. Moreover, the several notable institutions of higher education located in the city produce a steady outflow of highly skilled talent, giving Durham one of the most concentrated STEM labor pools in the country.
