Durham Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Durham is $33.69 per square foot, 0.44% higher compared to the previous year.
  • The average sale price for office space in Durham is $178.83 per square foot, marking an increase of 30.41% compared to 2024.
  • The market’s vacancy rate stands at 22.86%, higher than the state average of North Carolina, which is 18.06%.
  • Renting Class A/A+ office space here costs $36.43 per square foot, while Class B averages $28.86 and Class C stands at $26.93.

2025 Office Space Rent & Sales

  • $33.69 2025 Avg. Asking Rent
  • 0.44% Y-o-Y Avg. Asking Rent Change
  • 22.86% 2025 Office Vacancy Rate
  • $371.8M2025 Total Office Sales
  • $178.83Avg. Sale Price/SF

What is the average asking rent price for office space in Durham?

Average asking rents for office space here stand at $33.69 per square foot. The local office market recorded an average vacancy rate of 22.86% in 2025, unchanged from 22.86% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $371.8M across 13 sales. These transactions commanded an average sale price per square foot of $178.83.

Durham, NC Office Asking Rents by Class

What is the average office rent per square foot by property class in Durham?

  • Avg. Asking Rent Class A & A+$36.43
  • Avg. Asking Rent Class B$28.86
  • Avg. Asking Rent Class C$26.93

The average asking rent for Class A and A+ office space stood at $36.43 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Durham averaged $28.86 per square foot, while the average for Class C space was $26.93 per square foot.

What is the average office rent per square foot by property class in NC?

  • Avg. Asking Rent Class A & A+$34.61
  • Avg. Asking Rent Class B$27.56
  • Avg. Asking Rent Class C$18.16

For comparison, the average rent for Class A and A+ office space in North Carolina was $34.61 per square foot. The state-wide average for Class B space was $27.56 per square foot, and Class C office spaces averaged $18.16 per square foot.

Durham, NC Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Durham was Downtown Durham at 15.85%. Meanwhile, the highest office vacancy rate in the market was 30.69%, recorded in Southeast Durham.
Submarket Asking Rents Vacancy Rates
Downtown Durham $38.70 15.85%
Research Triangle Park $33.02 23.58%
Southeast Durham $30.33 30.69%
South Durham $29.65 23.10%
Outlying Durham County $22.12 23.38%
Data provided by Yardi Research

Explore Top Office Markets in North Carolina

2025 Office Sales Volume

  • $178.832025 Avg. Price per SF
  • 30.41%Y-o-Y Avg. PpSF Change
  • $371.8M2025 Office Sales Volume
  • 132025 Number of Transactions

What is the average sale price per square foot for office space in Durham?

Average sale prices for office space in this market recorded a +30.41% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $178.83 per square foot. For comparison, the statewide North Carolina average during the same time period stood at $176.47 per square foot, while the national average was $182.48 per square foot.

Durham, NC Sale Price per SF Trend

  • Durham Avg. Sale Price per SF in 2025$178.83
  • North Carolina Avg. Sale Price per SF in 2025$176.47

What was the total office sales volume in Durham in 2025?

The local office market recorded 13 deals in 2025, adding up to a yearly sales volume of $371.8M.

  • Durham, NC Total Office Sales Volume in 2025 $371.8M
  • Durham, NC Total Number of Office Sales Closed in 2025 13

What were the largest office building sales in Durham in 2025?

The market’s largest transaction last year was the sale of Research Commons for $107,000,000 on 7/23/2025.
The next-highest sale was the transaction involving 555 Mangum, which traded for $72,000,000. The third-largest transaction was the sale of EmergeOrtho - Durham MOB for $27,700,000.

Property name Address Date Price
Research Commons 79 TW Alexander Drive 7/23/2025 $107,000,000
555 Mangum 555 South Mangum Street 10/2/2025 $72,000,000
EmergeOrtho - Durham MOB 120 William Penn Plaza 10/21/2025 $27,700,000
Westpoint II at 751 7810 NC-751 11/12/2025 $24,100,000
3901 South Miami Blvd 3901 South Miami Blvd 12/18/2025 $16,500,000
Data provided by Yardi Research

Office Construction in Durham, NC

What are the largest recent office completions in Durham?

The largest recent office completion here is 555 Mangum at 242,063 square feet, completed in 2020. The next largest completions are The Roxboro at Venable Center and Park Point - Edge East.

Office building Address SF Completed
Horseshoe at Hub RTP 3151 Elion Drive, 27709 149,023 2024
The Roxboro at Venable Center 380 East Pettigrew Street, 27701 210,410 2022
Park Point - Edge East 4001 North Carolina 54, 27560 179,000 2021
Park Point - Edge West 4001 North Carolina 54, 27560 149,000 2021
555 Mangum 555 South Mangum Street, 27701 242,063 2020
Durham ID - 300 Morris Street 300 Morris Street, 27701 176,492 2018
Durham ID - 200 Morris Street 200 Morris Street, 27701 163,353 2018
Meridian Corporate Center - 2645 Meridian Pkwy 2645 Meridian Pkwy, 27713 76,446 2017
Diamond View III 359 Blackwell St, 27701 133,000 2013
5213 South Alston Avenue 5213 South Alston Avenue, 27713 126,225 2010
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.