On average, listings lease in the $30's per square foot per year. The Wade submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $38 per sqft per year.
Compared to the rest of the The Triangle market, the Wade submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. 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 6,370 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 4 stories. Most buildings in this market 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 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.