On average, listings lease in the $10's per square foot per year. The The Bottom, Carolina Place & Old Wilmington region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 20% decline in rent.
In the last 90 days, 3 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this market were built in 1996 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst The Bottom, Carolina Place & Old Wilmington occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.