2024 Office Space Rent & Sales
- $26.35 2024 Avg. Asking Rent
- 9.95% 2024 Office Vacancy Rate
Wilmington office price per square foot in 2024 was $26.35 on average. The local office market recorded an average vacancy rate of 9.95% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- North Carolina Class A & A+ Office Space$34.49
- North Carolina Class B Office Space$26.63
- North Carolina Class C Office Space$19.48
Wilmington, NC Office Asking Rents by Class
2024 Office Vacancy Rates in Wilmington
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Landfall - Mayfaire | $28.24 | 6.53% |
| East | $26.00 | 4.43% |
| Downtown Wilmington | $25.86 | 20.61% |
| Northern New Hanover County | $24.00 | 4.26% |
| Midtown | $23.11 | 1.67% |
Office Spaces for Rent in North Carolina
- Charlotte Office Space
- Raleigh Office Space
- Durham Office Space
- Cary Office Space
- Winston - Salem Office Space
- Greensboro Office Space
- Chapel Hill Office Space
- Fayetteville Office Space
- Apex Office Space
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- Fuquay Varina Office Space
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Coworking Spaces in North Carolina
- Atlanta Coworking Space
- Miami Coworking Space
- Nashville Coworking Space
- Philadelphia Coworking Space
- Charlotte Coworking Space
- Columbus Coworking Space
- Jacksonville Coworking Space
- Cincinnati Coworking Space
- Tampa Coworking Space
- Raleigh Coworking Space
- Orlando Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Boca Raton Coworking Space
- Fort Lauderdale Coworking Space
- Durham Coworking Space
- Memphis Coworking Space
- Alpharetta Coworking Space
- Richmond Coworking Space
- Asheville Coworking Space
- Chattanooga Coworking Space
2024 Office Construction in Wilmington, NC
- Wilmington, NC Total SF under construction in 2025 30,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| Mayfaire VI | 6751 Parker Farm Drive, 28405 | 40,500 | 2019 |
| 7242 Wrightsville Ave | 7242 Wrightsville Ave, 28403 | 5,568 | 2017 |
| Skyline Center | 929 North Front Street, 28401 | 380,063 | 2006 |
| 1001 Military Cutoff Road | 1001 Military Cutoff Road, 28405 | 62,395 | 2006 |
| Lumina Station | 1908 Eastwood Road, Suites 218 and 220, 28403 | 1,430 | 2000 |
| Landfall Park North & South | 1979 Eastwood Road, 28403 | 56,000 | 1996 |
| 3301 & 3305 Burnt Mill Drive | 3305 Burnt Mill Drive, 28403 | 26,249 | 1990 |
| 2,750+/- SF Stand Alone Office Building For Lease Near Novant | 2460 Delaney Ave, 28403 | 2,750 | 1986 |
| Emerald Square | 3408 Wilshire Blvd, 28403 | 11,550 | 1985 |
| 2121 Wrightsville Avenue | 2121 Wrightsville Ave, 28403 | 2,084 | 1983 |
Worth noting among recent office completions on the Wilmington market is Mayfaire VI, which is currently the largest new office development in the city, at 40,500 square feet.
See reports for other markets
- Charlotte Office Rent Price
- Raleigh Office Rent Price
- Durham Office Rent Price
- Greensboro Office Rent Price
- Winston-Salem Office Rent Price
- Cary Office Rent Price
- Asheville Office Rent Price
- Atlanta Office Rent Price
- San Diego Office Rent Price
- Phoenix Office Rent Price
- Austin Office Rent Price
- Dallas Office Rent Price
- Houston Office Rent Price
- Miami Office Rent Price
- Denver Office Rent Price
- Washington Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Wilmington commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.