Most listings are in the $20's per square foot per year. The Downtown Wilmington region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 15% decrease in rent.
In the last 90 days, 7 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 550 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1957 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find 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.