Central Wilmington Office Space

1108 Princess St - Space Carolina Heights, Wilmington, NC HVAC
Aug 30
11,000
sqft
Industrial Office Retail

Central Wilmington

Market Report

Number of Listings
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
2,150

Central Wilmington Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Wilmington region is experiencing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 43% rise in rent.

Central Wilmington Listing Supply

In the last 90 days, 92 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Central Wilmington are subleases, so you will probably have to consider a longer term lease. 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 2,150 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1925 and are Class B.

Central Wilmington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Central Wilmington residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Central Wilmington.
Research