The typical asking rate per listing is in the $30's per square foot per year. The Downtown Wilmington submarket is going through 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, 296 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the Downtown Wilmington are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,390 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 8 stories. Most buildings in this region were built in 1972 and are Class A.
Utilities is the dominant industry in this region. Most of the folk of Downtown Wilmington work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Wilmington.
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