Type to search

Commercial Real Estate News

NCC industrial vacancy rate down

Share

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.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Limited time offer. New subscribers only.

Flash Sale! Subscribe to Delaware Business Times and save 50%.

Limited time offer. New subscribers only.