Downtown Wilmington Office Space

Downtown Wilmington

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Downtown Wilmington Rates

On average, listings lease in the $20's per square foot per year. The Downtown Wilmington submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 17% decrease in rent.

Downtown Wilmington Listing Supply

In the last 90 days, 18 listings have been posted online, which means leases are probably leasing quickly. 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.

Even though the median size is 3,830 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1957 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 market. Commute by car is the most popular way to get to work amongst Downtown Wilmington occupants. 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.