On average, listings lease in the $30's per square foot per year. The Central Wilmington region is experiencing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 31% increase in rent.
In the last 90 days, 4 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,980 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1948 and are Class B.
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 region. Commute by public transit is the most popular way to get to work amongst Central Wilmington folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.