The typical asking rate per listing is in the $30's per square foot per year. The Wade submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $38 per sqft per year.
Compared to the rest of the The Triangle market, the Wade submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 6,370 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this area were built in 2008 and are Class A.
This region is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this region. Most of the occupants of Wade work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.