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.
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.