Listing Agency: CBRE | Wilmington

Listed By: Brian Hopkins · License #RS-0014330 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Oct 10 Last Checked: Oct 14 at 10:11PM

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Investment Insights

Based on property information with market context.

This office space offers 11,168 square feet and features a private elevator. The location provides an amenity-rich environment. There is an opportunity for prominent signage. Ample free parking is available.

Key Highlights

• Amenity rich location
• Ample free parking
• Prominent signage opportunity

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Dental Office Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

Explore this area Business Placement

Demographics for 19711, DE

48,477

Population

20,617

Households

2.4

Avg Household Size

37

Median Age

53%

College-Educated

95%

High-School Grad

27.4 sq mi

ZIP Area

1,769

Density / Sq Mi

$94,455

Median Household Income

$43,790

Median Earnings

$1,516

Median Rent

$376,300

Median Home Value

Market

Lease Benchmarks for Newark, DE

$16.68 /SF/Yr

Avg Asking Price

$6.65–$25 /SF/Yr

Price Range

7,013 SF

Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Office space for rent with prominent signage and ample parking.

Where is this office units located?

The property is located at 16 Polly Drummond Shpg Center Newark, DE.

What are key features of this property?

This property features: Amenity rich location; Ample free parking; Prominent signage opportunity