The typical asking rate per listing is in the $10's per square foot per year. The Central Wilmington submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 38% decrease in rent.
In the last 90 days, 4 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 250% of the available space in the Central Wilmington are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this area were built in 1936 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Central Wilmington occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.