The typical asking rate per listing is in the $20's per square foot per year. The Downtown Wilmington submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 27% decrease in rent.
In the last 90 days, 53 listings have been listed, so you'll want to check back regularly for new listings. About 32% of the office spaces in the Downtown Wilmington are subleases, so you might be able to snag a great spot on a short term. 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 10,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 9 stories. Most buildings in this market were built in 1972 and are Class A.
Utilities is the dominant industry in this area. 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.