On average, listings lease in the $20's per square foot per year. The Wake Forest submarket is experiencing a a rise 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 undervalued region.
In the last 90 days, 12 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the listings in the Wake Forest are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,770 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 2007 and are Class B.