On average, listings lease in the $20's per square foot per year. The Downtown Wilmington region is going through a an increase in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 83% rise in rent.
In the last 90 days, 38 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,230 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 9 floors. Most buildings in this region were built in 1970 and are Class A.
Utilities is the dominant industry in this market. Most of the residents 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.