Wake Forest Retail

Wake Forest

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
5,000
As of: July 22, 2017

Wake Forest Rates

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.

Wake Forest Listing Supply

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.

Wake Forest Community

Market Report

Trends and status of the commercial real estate market in Wake Forest.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Wake Forest.
Research

Franklin County Submarkets