The typical asking rate per listing is in the $20's per square foot per year. The Wake Forest region is experiencing a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year.
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 undervalued 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 make an offer immediately. About 29% of the office spaces in the Wake Forest 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 4,260 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 1 floors. Most buildings in this area were built in 2005 and are Class B.