Commercial Real Estate Market in Wake Forest, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
90 active listings and 1,118 off-market properties in Wake Forest, NC. Commercial property asks $1,527/SF to buy and $33.44/SF/Yr to lease.
Market Trends
Wake Forest, NC spans 105.1 square miles in Wake County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wake Forest, NC asks $309/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Wake Forest, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Wake Forest, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Wake Forest, NC asks $260/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Wake Forest, NC has 76,647 residents in 30,571 households. Density runs 729 people per square mile. Median household income here is $125,607 and median gross rent $1,415 a month.
76,647
Population
30,571
Households
2.5
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
105.1 sq mi
ZIP Area
729
Density / Sq Mi
$125,607
Median Household Income
$59,006
Median Earnings
$1,415
Median Rent
$452,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rolesville | — | — |
| Youngsville | — | — |
| Franklinton | — | — |
| North Hills | — | — |
Commercial property in Wake Forest, NC asks $1,527/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wake Forest?
Commercial property in Wake Forest, NC asks an average of $1,527 per square foot. The 6 most recent recorded sales traded at a median of $359/SF, so asking sits 325% above the achieved median. Office carries the highest asking price at $309/SF.
How much does it cost to lease commercial space in Wake Forest?
Asking lease rates in Wake Forest, NC average $33.44 per square foot per year.
Where does Realmo's Wake Forest market data come from?
Realmo compiles Wake Forest, NC figures from 6 recent recorded sales, 70 active sale listings, 20 active lease listings, 1,118 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 70 active for-sale and 20 active for-lease listings in Wake Forest, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
