Wake Forest Industrial

Wake Forest

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,390
As of: March 29, 2017

Wake Forest Rates

The typical asking rate per listing is in the $20's per square foot per year. The Wake Forest region is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 9% increase in rent.

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

Wake Forest Listing Supply

In the last 90 days, 24 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Wake Forest are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 990 sqft. Most buildings in this market are around 1 stories. Most buildings in this region were built in 2007 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