On average, listings lease in the $20's per square foot per year. The Wake Forest submarket is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise 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 region.
In the last 90 days, 7 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases in the Wake Forest are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 8,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 2007 and are Class B.