On average, listings lease in the $30's per square foot per year. The Downtown Wilmington region is seeing a a rise in rates. In the last 3 months, the median rate went up $40 per sqft per year.
In the last 90 days, 53 listings have come on the market, so you'll want to check back regularly for new listings. About 42% of the listings in the Downtown Wilmington are subleases, so you might be able to find a shorter term or below market rent. 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 3,780 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 9 stories. Most buildings in this region were built in 1972 and are Class A.
Utilities is the dominant industry in this region. 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.