Central Wilmington Office Space

Central Wilmington

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,000
As of: July 21, 2017

Central Wilmington Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Wilmington submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 14% rise in rent.

Central Wilmington Listing Supply

In the last 90 days, 4 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 400% of the listings in the Central 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.

The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1936 and are Class B.

Central Wilmington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Central Wilmington residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central Wilmington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Wilmington.
Research