Wilmington Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Wilmington is $28.26 per square foot, 7.27% higher compared to the previous year.
  • The average sale price for office space in Wilmington is $217.39 per square foot, marking an increase of 13.83% compared to 2024.
  • The market’s vacancy rate stands at 5.18%, lower than the state average of North Carolina, which is 18.06%.
  • 35,132 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $28.26 2025 Avg. Asking Rent
  • 7.27% Y-o-Y Avg. Asking Rent Change
  • 5.18% 2025 Office Vacancy Rate
  • $31.4M2025 Total Office Sales
  • $217.39Avg. Sale Price/SF

What is the average asking rent price for office space in Wilmington?

Average asking rents for office space here stand at $28.26 per square foot. The local office market recorded an average vacancy rate of 5.18% in 2025, unchanged from 5.18% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $31.4M across 3 sales. These transactions commanded an average sale price per square foot of $217.39.

Wilmington, NC Office Asking Rents by Class

What is the average office rent per square foot by property class in Wilmington?

  • Avg. Asking Rent Class A & A+$29.55
  • Avg. Asking Rent Class B$23.08

What is the average office rent per square foot by property class in NC?

  • Avg. Asking Rent Class A & A+$34.61
  • Avg. Asking Rent Class B$27.56
  • Avg. Asking Rent Class C$18.16

For comparison, the average rent for Class A and A+ office space in North Carolina was $34.61 per square foot. The state-wide average for Class B space was $27.56 per square foot, and Class C office spaces averaged $18.16 per square foot.

Wilmington, NC Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Wilmington was East at 0.00%. Meanwhile, the highest office vacancy rate in the market was 11.67%, recorded in Downtown Wilmington.
Submarket Asking Rents Vacancy Rates
East $33.00 0.00%
Downtown Wilmington $28.81 11.67%
Landfall - Mayfaire $27.30 0.00%
Midtown $26.26 0.00%
Data provided by Yardi Research

Explore Top Office Markets in North Carolina

2025 Office Sales Volume

  • $217.392025 Avg. Price per SF
  • 13.83%Y-o-Y Avg. PpSF Change
  • $31.4M2025 Office Sales Volume
  • 32025 Number of Transactions

What is the average sale price per square foot for office space in Wilmington?

Average sale prices for office space in this market recorded a +13.83% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $217.39 per square foot. For comparison, the statewide North Carolina average during the same time period stood at $176.47 per square foot, while the national average was $182.48 per square foot.

Wilmington, NC Sale Price per SF Trend

  • Wilmington Avg. Sale Price per SF in 2025$217.39
  • North Carolina Avg. Sale Price per SF in 2025$176.47

What was the total office sales volume in Wilmington in 2025?

The local office market recorded 3 deals in 2025, adding up to a yearly sales volume of $31.4M.

  • Wilmington, NC Total Office Sales Volume in 2025 $31.4M
  • Wilmington, NC Total Number of Office Sales Closed in 2025 3
Data provided by Yardi Research

2025 Office Construction in Wilmington, NC

  • Wilmington, NC Total SF completed in 2025 36,000
  • Wilmington, NC Total SF under construction in 2026 35,132

How much office space was built in Wilmington in 2025?

36,000 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 36,000 square feet.

Looking forward, development activity in 2026 is estimated to add 35,132 square feet of office space to the market in total.

What are the largest recent office completions in Wilmington?

The largest recent office completion here is Skyline Center at 380,063 square feet, completed in 2006. The next largest completions are Third & Grace Building and Midtown Park at Barclay - Building 1.

Office building Address SF Completed
6014 Wrightsville Ave 6014 Wrightsville Ave, 28403 10,800 2022
Midtown Park at Barclay - Building 1 1124 Gallery Park Blvd, 28412 64,033 2019
Mayfaire IV 6740 Parker Farm Drive, 28405 40,500 2017
7242 Wrightsville Ave 7242 Wrightsville Ave, 28403 5,568 2017
The Pines at Westfall Park - 1838 Sir Tyler Drive 1838 Sir Tyler Drive, 28405 32,764 2007
1411 Commonwealth Drive 1411 Commonwealth Drive, 28403 29,070 2007
Skyline Center 929 North Front Street, 28401 380,063 2006
1001 Military Cutoff Road 1001 Military Cutoff Road, 28405 62,395 2006
Third & Grace Building 300 North 3rd Street, 28401 67,248 2002
2528 Independence Blvd 2528 Independence Blvd, 28412 24,096 1999
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.