Most listings are in the $20's per square foot per year. The Central Wilmington submarket is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decrease in rent.
In the last 90 days, 21 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the Central Wilmington are subleases, so you will probably have to focus your search on direct office leases. 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 3,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1957 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 market. 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.