Wilmington Office Market
| Average Asking Rent (Price/SF) | $25.44 |
| Vacancy Rate (%) | 18.2% |
| Net Absorption (SF) | 31,308 |
During the second quarter of 2021 companies in Delaware continued to grapple with return to work issues related to COVID-19. While some businesses in the Wilmington market have begun to return to the offices, the majority remain remote. Mask mandates were lifted in May of 2021 for those who are fully vaccinated. To date, 47.2% of the State of Delaware’s population has been fully inoculated, and in New Castle County, 48.0% of the total population has been fully vaccinated. Expect an increase in the migration back to the office during the second half of 2021 as additional people receive their shots, and gradually become more comfortable working in an office environment.
Download Wilmington Office Market Report 2Q21