Downtown Wilmington Retail

Downtown Wilmington

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,200
As of: December 2, 2016

Downtown Wilmington Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Wilmington submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% rise in rent.

Downtown Wilmington Listing Supply

In the last 90 days, 6 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most properties in this market are around 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 area. 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.
Research