Wake Forest Industrial

Wake Forest

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
5,000
As of: July 25, 2017

Wake Forest Rates

On average, listings lease in the $20's per square foot per year. The Wake Forest region is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.

Compared to the rest of the The Triangle market, the Wake Forest region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Wake Forest Listing Supply

In the last 90 days, 24 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available space in the Wake Forest are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 2005 and are Class B.

Wake Forest Community

Market Report

Trends and status of the commercial real estate market in Wake Forest.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Wake Forest.
Research

Franklin County Submarkets