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 rose $1 per sqft per year. That's a 4% rise in rent.
In the last 90 days, 67 listings have come on the market, so you'll want to check back regularly for new listings. 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 4,030 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 1970 and are Class A.