On average, listings lease in the $30's per square foot per year. The Wade region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the The Triangle market, the Wade region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,140 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this region were built in 2008 and are Class A.
This region is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this market. Most of the occupants 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.