The Buccini/Pollin Group Featured on ReBusinessOnline.com: Increase in Tech Employment Drives Growth in Wilmington, Del. Office Market
February 21, 2018 DevelopmentBy Taylor Williams In Delaware’s largest city, Wilmington, it is a tenant’s market when it comes to office leasing. There is much activity and redevelopment to attract new tenants downtown. Rental rates hover around $18 to $21 per square foot for Class B office space and $23-plus for Class A office space. Vacancy for Wilmington and its suburbs combined has decreased to around 13 percent. In the past year, nearly vacant office buildings have garnered...