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Commercial Real Estate News

NCC industrial vacancy rate down

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The vacancy rate for industrial properties in New Castle County is 7 percent for the second quarter, according to Collier’s International. That’s down from 8.6 percent.

Average asking rents trended upward very slightly ““ from $4.98 per square foot in the first quarter to $4.99 per square foot in the second.

Rents for older warehouse space ranged from $3.55 to $4 per square foot, with newer-generation warehouses ranging from $4.25 to $6, depending on size.

Flex space ranged from $6.50 to $9.50 per square foot, depending on the office fitout.

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