The typical asking rate per listing is in the $30's per square foot per year. The Wade submarket is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the The Triangle market, the Wade submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available space in the Wade are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 26,790 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this area were built in 2008 and are Class A.
This area is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this region. Most of the residents 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.