The typical asking rate per listing is in the $30's per square foot per year. The Wilmington submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 9% rise in rent.
In the last 90 days, 436 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the available leases in the Wilmington are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,400 sqft. Most buildings in this area are close to 3 floors. Most buildings in this region were built in 1971 and are Class A.
Real time and historical data on commercial real estate listings in Wilmington.
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