New Castle County, DE Industrial Market | Overview

Key Trends

  • 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.