On average, listings lease in the $30's per square foot per year. The Downtown Wilmington submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $40 per sqft per year.
In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. About 42% of the office spaces in the Downtown Wilmington are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,780 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 9 stories. Most buildings in this region were built in 1972 and are Class A.
Utilities is the dominant industry in this market. Most of the occupants 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.