Most listings are in the $20's per square foot per year. The Wake Forest submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the The Triangle market, the Wake Forest submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 10 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 4,400 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 2007 and are Class B.