The typical asking rate per listing is in the $20's per square foot per year. The Downtown Wilmington submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decline in rent.
In the last 90 days, 85 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Downtown Wilmington are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, 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 buildings in this area are close to 3 stories. Most buildings in this market were built in 1925 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Wilmington residents. Commuting close to 20 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.
Get email notifications when new listings are posted that match your requirements.