New Castle County, DE Industrial Market | Overview
- The vacancy rate decreased from 6.1% at the end of the first quarter to 5.2%.
- Year-to-date absorption was below 2017’s six month mark as the low supply of quality space constrained activity.
- The weighted average asking rent continued upward to $5.46 per square foot, triple net.
New Castle County’s vacancy remained at historically low levels, decreasing to 5.2%, resulting from steady leasing activity and some notable user purchases.