On average, listings lease in the $20's per square foot per year. The Downtown Wilmington region is seeing a a boost in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 83% increase in rent.
In the last 90 days, 36 listings have been posted online, which means new availabilities might be 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.
Even though the median size is 3,340 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 9 stories. Most buildings in this region were built in 1970 and are Class A.
Utilities is the dominant industry in this market. Most of the residents 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.