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 increased $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the The Triangle market, the Wade region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 26,790 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area 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 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.