Wilmington is the 110th largest multifamily market with 23,840 completed units and 17,980 units in development, 2,473 of which have already broken ground, as of September 2022.
Wilmington Multifamily Market Summary – September 2022
New lease asking rents are at $1,644, up 16.3%▲
from the previous year placing Wilmington at 3rd
overall in year-over-year rent growth.
Wilmington Multifamily Market Summary – August 2022
New lease asking rents are at $1,632, up 16.8%▲
from the previous year placing Wilmington at 5th
overall in year-over-year rent growth.
Wilmington Multifamily Market Summary – July 2022
New lease asking rents are at $1,621, up 18.8%▲
from the previous year placing Wilmington at 6th
overall in year-over-year rent growth.
Wilmington Multifamily Market Summary – June 2022
New lease asking rents are at $1,593, up 18.1%▲
from the previous year placing Wilmington at
12th overall in year-over-year rent growth.
Wilmington Multifamily Market Summary – May 2022
New lease asking rents are at $1,565, up 19.6%▲
from the previous year placing Wilmington at 8th
overall in year-over-year rent growth.
Wilmington Multifamily Market Summary – April 2022
New lease asking rents are at $1,523, up 19.3%▲
from the previous year placing Wilmington at
14th overall in year-over-year rent growth.
Wilmington Multifamily Market Summary – March 2022
New lease asking rents are at $1,498, up 18.6%▲
from the previous year placing Wilmington at 17th
overall in year-over-year rent growth.
Wilmington Multifamily Market Summary – February 2022
New lease asking rents are at $1,471, up 19.1%▲
from the previous year placing Wilmington at
21st overall in year-over-year rent growth.
Wilmington Multifamily Market Summary – January 2022
New lease asking rents are at $1,442, up 17.6%▲
from the previous year placing Wilmington at
24th overall in year-over-year rent growth.
Wilmington Multifamily Market Summary – December 2021
New lease asking rents are at $1,415, up 17.8%▲
from the previous year placing Wilmington at
19th overall in year-over-year rent growth.
