The typical asking rate per listing is in the $20's per square foot per year. The Wake Forest region is seeing a a rise in rates. In the last 3 months, the median rate increased $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 lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 11 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 18% of the listings in the Wake Forest are subleases, so you might be able to find a shorter term or below market rent. 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 3,300 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 1 stories. Most buildings in this region were built in 2007 and are Class B.