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Wilmington Market Reports

Wilmington Office Market

Average Asking Rent (Price/SF) $25.41
Vacancy Rate (%) 17.1%
Net Absorption (SF) -145,101

Vacancy in the Delaware office market continued to rise through 2018, increasing year-over-year by 30 basis points to end the fourth quarter at 17.1%. The percentage of available space has not been this high since the fourth quarter of 2015. Sallie Mae's occupancy in the first quarter of 57,576 square feet at 90 Christiana Road in the Wilmington South submarket was more than offset in the fourth quarter by Capital One's departure from half of its 145,080 square feet at 301 West 11th Street in the Wilmington Central Business District (CBD).

Wilmington Office Market Report
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