Research Triangle Park is a trophy-tier Class A submarket of Raleigh-Durham with average asking rent around $38/sqft/yr.
The historic life-sciences and tech anchor. · Tier: trophy · Avg rent: $38/sqft/yr
RTP — the largest research park in the US — anchors the Triangle's tech and life-sciences tenancy. Apple's flagship campus, Cisco's Research Triangle headquarters, and continuous biotech expansion define the submarket.
Tech (Apple, Cisco, IBM), pharma (Merck, Eli Lilly), biotech (Fujifilm Diosynth).
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
GoTriangle bus; car-dependent.
Multi-modal transit captures the metro's principal professional catchment.
Frontier RTP, Boxyard RTP.
Research Triangle Park is one of 5 Class A submarkets we cover in Raleigh-Durham, classified as trophy tier with an average asking rent around $38/sqft/yr. Compared with the broader Raleigh-Durham Class A stock, Research Triangle Park typically attracts Tech (Apple, Cisco, IBM), pharma (Merck, Eli Lilly), biotech (Fujifilm Diosynth) and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Research Triangle Park: Downtown Raleigh, Downtown Durham, North Hills, Cary / Morrisville. The full Raleigh-Durham submarket atlas is at /cities/raleigh-durham.
For an institutional Class A occupier evaluating Research Triangle Park, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Raleigh-Durham Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.