Commercial Real Estate Market in Wake Forest, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
17 active listings and 1,118 off-market properties in Wake Forest, NC.
Market Trends
Wake Forest, NC spans 105.1 square miles in Wake County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Wake Forest, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Wake Forest, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Wake Forest, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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.
Tools
Frequently Asked Questions
How much does it cost to lease commercial space in Wake Forest?
Where does Realmo's Wake Forest market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 13 active for-lease listings in Wake Forest, NC. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 3 of the for-lease listings that state a rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 and industrial vacancy is reported at South region level.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
