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Wilmington Market Reports

Wilmington Office Market

Average Asking Rent (Price/SF) $25.08
Vacancy Rate (%) 16.4%
Net Absorption (SF) -46,300

The Delaware office market finished 2017 slightly down, posting more than 46,000 square feet in negative absorption for the second straight quarter (47,410 square feet in the third quarter and 46,300 square feet in the fourth quarter). Although the annual net absorption was still positive at 2,361 square feet, the Delaware market faces the unenviable position of having both weak demand for, and an oversupply of, quality properties.

Wilmington Office Market Report
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