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Wilmington Market Reports

Wilmington Office Market

Average Asking Rent (Price/SF) $24.96
Vacancy Rate (%) 16.1%
Net Absorption (SF) -47,410

Over 105,000 square feet was returned to the market during the third quarter of 2017, when CSC consolidated into its new, 148,016-square-foot headquarters. The building, which delivered in June, is located in the Wilmington West submarket. As a result of the consolidation, overall vacancy increased 30 basis points from the prior quarter, to 16.1%. In the Wilmington West Class A market, where a majority of CSC's space was located, vacancy more than doubled, from 12.2% to 25.8%.

Wilmington Office Market Report
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