The typical asking rate per listing is 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 $2 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 53 listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,780 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 9 floors. Most buildings in this market were built in 1971 and are Class A.
Utilities is the dominant industry in this market. 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.