On average, listings lease in the $10's per square foot per year. The Downtown Wilmington region is experiencing a decline in rates. In the last 3 months, the median rate fell $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 200% of the available leases in the Downtown 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 available, 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 buildings in this market are approximately 3 floors. Most buildings in this area were built in 1936 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Wilmington folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.