Downtown Wilmington Office Space

Downtown 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 26, 2017

Downtown Wilmington Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Wilmington region is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.

Downtown Wilmington Listing Supply

In the last 90 days, 4 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 350% 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 posted, 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 close to 3 floors. Most buildings in this region were built in 1936 and are Class B.

Downtown Wilmington Community

A large portion of this market is residential, but there's plenty of 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 residents. Commuting close to 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