The typical asking rate per listing is in the $30's per square foot per year. The Wade region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the The Triangle market, the Wade submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been listed, which means new listings might be 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 6,140 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 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.