Downtown Wilmington Sublease

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Downtown Wilmington

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,000
As of: August 16, 2017

Downtown Wilmington Rates

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.

Downtown Wilmington Listing Supply

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.

Downtown Wilmington Community

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.

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