The typical asking rate per listing is in the $20's per square foot per year. The Wake Forest region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the The Triangle market, the Wake Forest submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 24 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,390 sqft. Most buildings in this market are close to 1 stories. Most buildings in this area were built in 2007 and are Class B.