vacancy

Wilmington continues to see weak demand for office space

Peter OsborneBusiness, Headlines

Weaker demand for Wilmington office space coupled with rising interest rates and continuing corporate cost-cutting efforts is painting a dismal picture for the immediate future, according to a new 3Q 2023 Office Market Overview by Newmark. “Chief financial officers are looking at their remote and hybrid workers and thinking they can cut costs by downsizing,” said Newmark Senior Managing Director …