Downtown Wilmington Office Space

Downtown Wilmington

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
1,980
As of: May 25, 2017

Downtown Wilmington Rates

On average, listings lease in the $30's per square foot per year. The Downtown Wilmington submarket is going through a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 31% rise in rent.

Downtown Wilmington Listing Supply

In the last 90 days, 4 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. 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 1,980 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1948 and are Class B.

Downtown Wilmington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Wilmington folk. Commuting approximately 20 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 Downtown Wilmington.
Market Report

Market Data

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