Are you looking for a sprawling industrial property or a warehouse to open a large-scale production center? Or, you may need just a small retail space in the bustling city center of Wilmington or Dover, DE. No matter your needs or the reason, finding Delaware commercial real estate might be at the forefront of your business ventures.
Commercial Property Delaware: Real Estate Trends
For business owners, entrepreneurs, and startups looking to find commercial property for sale in Delaware, knowing the current real estate listings, commercial properties for rent, and commercial real estate for sale is essential to finding the best deal in a prime location.
Studies have shown that the Delaware commercial real estate market is not as strong as the national average, but it still offers a wide range of commercial properties for sale that can meet your needs.
Furthermore, a study showed that the inventory of unsold existing properties lasted only around three months, which is low for the national average. This means unsold real estate units, whether commercial or residential, are only unoccupied for around 90 days.
Studies have shown that the Delaware commercial real estate market is not as strong as the national average, but it still offers a wide range of commercial properties for sale that can meet your needs.
Furthermore, a study showed that the inventory of unsold existing properties lasted only around three months, which is low for the national average. This means unsold real estate units, whether commercial or residential, are only unoccupied for around 90 days.
Tips to Investing in Commercial Real Estate in Delaware
For small business owners looking to invest in commercial real estate for sale in Delaware, whether that is industrial warehouse space for lease or a Delaware retail space for lease, knowing a few key tips is essential to making a smart business decision.
- Research real estate brokerage firms — Real estate firms can help give you insight into market trends, characteristics of different commercial property types, and current commercial property for sale in Delaware.
- Lease duration — Commercial leases are typically much larger than the average residential lease, often being more than 12 months. Future business property owners may find that the lease term for an estate for sale in DE might have a minimum five-year lease term.
- Location can determine price — When browsing Delaware commercial real estate for sale, location plays a huge factor in the monthly rental price and how much you will spend up front. For example, in Millsboro, Delaware, real estate listings for commercial properties could be around $40 per square foot, whereas office properties in Wilmington could be nearly double the price.
- Cost of entry — Buying commercial property or finding a suitable rental space in Delaware is often much more expensive than a residential location. Commercial spaces, whether they are small retail spaces, office buildings, or industrial warehouses located in the central business district or bustling metro areas, can be extremely expensive due to their location and convenience.
- Maintenance costs — Many small business owners forget that they need to be in charge of the upkeep of a property to keep it in functioning condition. Property maintenance can be as minimal as fixing a customer’s bathroom, or as extensive as refurbishing an entire commercial building.
Use Nestfully to Find Delaware Commercial Real Estate
Nestfully is a powerful real estate tool that can help you find commercial real estate for sale in Delaware or investment properties that tick all the boxes for your new business. Whether you need a large space for hundreds of employees in an industrial neighborhood or a small retail space in the CBD, Nestfully can help you find the space you have been searching for.
Browse our website to find a real estate professional who will work to meet your unique needs. We also provide extra online resources, such as current market trends, informational articles, and popular communities in each state in the US.
If you are considering moving to Delaware to start your new company, check out our inventory in 60+ cities and more than 4,2600+ homes/commercial spots for sale.
Browse our website to find a real estate professional who will work to meet your unique needs. We also provide extra online resources, such as current market trends, informational articles, and popular communities in each state in the US.
If you are considering moving to Delaware to start your new company, check out our inventory in 60+ cities and more than 4,2600+ homes/commercial spots for sale.
Delaware Commercial by Top Cities