The typical asking rate per listing is in the $20's per square foot per year. The Wake Forest submarket is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the The Triangle market, the Wake Forest submarket has less expensive 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 availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Wake Forest are subleases, so you might be able to snag a great spot on a short term. 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 5,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 1 stories. Most buildings in this area were built in 2005 and are Class B.