The typical asking rate per listing is in the $20's per square foot per year. The Downtown Wilmington region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 53 listings have been posted online, so you'll want to check back regularly for new listings. 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 3,780 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 9 floors. Most buildings in this region were built in 1971 and are Class A.
Utilities is the dominant industry in this region. Most of the folk of Downtown Wilmington work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.