Calculate cap rates and net operating income for commercial properties in Delaware. Compare your results against Delaware's secondary market benchmarks sourced from CBRE H2 2025.
Delaware's favorable corporate tax laws make it the legal home of millions of US companies, though this translates more to legal/financial services than physical CRE demand. Wilmington is the primary market, anchored by banking (JPMorgan, Bank of America) and pharmaceutical headquarters. No state sales tax creates retail demand from neighboring states.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 5.5% | 7.0% |
| Industrial | 5.5% | 7.5% |
| Retail | 6.0% | 8.0% |
| Office | 7.0% | 9.0% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
Delaware cap rates typically range from 5.5–7.0% for multifamily, 5.5–7.5% for industrial, 6.0–8.0% for retail, and 7.0–9.0% for office. Wilmington's financial services cluster and Philadelphia metro adjacency support relatively competitive rates.
Delaware's Court of Chancery and favorable corporate law make it the legal home of over 60% of Fortune 500 companies, but most have limited physical presence. Wilmington attracts credit card companies (JPMorgan, Bank of America) due to favorable banking laws, which drives office and financial services real estate demand.
Yes — Delaware's lack of sales tax drives significant cross-border retail traffic from Maryland, Pennsylvania, and New Jersey. Outlet centers and retail corridors near state borders benefit, and retail cap rates in high-traffic areas reflect this demand advantage.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.