Virtual Office

Delaware Virtual Office & Office Space

Why would i need a virtual office in Delaware?

Being the second smallest Mid-Atlantic state in the United States, the state of Delaware is only 48 km wide at its widest width, and stretches a length of 161 km. With a total population of only 780,000, about a tenth of the state’s residents are located in Wilmington, the largest city in Delaware. Other populous cities include Dover, which is the state capital, Newark and Milford. With a GDP of $49 billion, the economy of Delaware is prominently contributed by agricultural produce such as dairy products, corn and poultry. These help to fuel the food processing industry. Other important industrial activities in Delaware are the production of paper-related products, chemical products, pharmaceutical products and plastics production. Due to the presence of these industries, many major organizations such as AstraZeneca and DuPont have set up their offices in this state.

Wilmington Virtual Office

The city of Wilmington is located at the north-east section of Delaware and is home to a population of only 71,000 based on a 2004 estimate. Being the most accessible city within Delaware, Wilmington primarily functions as a base for many corporations in the financial industry. Indeed many financial services are located here such as credit card companies and banks. Downtown Wilmington comprises of the area spanning from Martin Luther King Blvd at the south to 11th Street at the north, and Washington Street at the east to Walnut Street at the west. An important street that is lined with commercial buildings and activities is Market Street, where skyscrapers such as the Chase Manhattan Center and the American International Street both at North Market Street are situated.

As Delaware incorporates friendly incentives, such as low property taxes and no sales taxes, many businesses have decided to place their offices in this city. Amongst the corporations located in Delaware’s skyscrapers are legal firms such as Blank Rome LLP and Cozen O’Conner at the Chase Manhattan Center at North Market Street. Even MBNA America has its headquarters in Wilmington along North King Street, which runs parallel to Market Street. Other multinationals such as PNC Bank has their headquarters set up at the PNC Bank Building, which is also located at North Market Street. Thus, having a virtual office or an office space within the vicinity of Market Street or King Street would be a great idea for businesses in the financial and services sectors.

Retail businesses are mainly located within the Market Street mall, which functions as the main focus of downtown Wilmington. Here, retail shops are found in abundance, such as restaurants and specialty stores. Perhaps one of the greatest attractions in the city of Wilmington is the Riverfront Wilmington. Other than retail outlets, there is also a myriad of cultural and sports attractions such as the Delaware Center for Contemporary Art, the Frawley Stadium and the Delaware Sports Museum. Uniquely named restaurants such as Joe’s Crab Shack and Kahunaville are also located within the Riverfront. Essentially, the Riverfront Wilmington is located along the Brandywine and Christina rivers, which has been identified for development under the Riverfront Development Corporation of Delaware. Both of these would be great spots for virtual offices or office space of retail businesses.

Dover Virtual office

As the state capital of Delaware, the city of Dover is home to a population of just over 32,000. In line with its core function, the main activities of this city are mainly government based. Thus, the government is also the largest employer at Dover with facilities such as the Dover Air Force, local City Council, the Greater Dover Arts Council and the Biggs Museum of American Art all setup within Dover. Perhaps the greatest attraction here is the Dover International Speedway where the yearly NASCAR races are held. This has helped pull 150,000 to 200,000 tourists each year to Dover.

Nevertheless, this relative small city has retail businesses primarily dominating its streets. In fact, the major downtown area known as Main Street Dover, spans the area over several streets covering Loockerman Street and South Governors Street. A myriad of businesses are located here, most of which are focused on catering to the needs of the local community. These would include banks such as Citizens Bank and Wachovia restaurants such as My Place Tavern and apparel stores such as Karen�s High Fashion and Signature Stitches, all of which are at Loockerman Street.

Indeed, with the inclination towards retail stores, Dover would be an ideal place for a virtual office for retail businesses. Specifically, its association with the yearly NASCAR event with visitors from out of town, this makes Dover also a great located for a virtual offices or office spaces belonging to businesses dealing with NASCAR.

Newark Virtual office

As a university city, Newark is home to the University of Delaware with a population of just over 28,000. With this function, most of the business and economic activities here are catered for the government and education sectors or even more specifically, student-related services. With this, much emphasis is placed on housing for the local population, as well as the development of an excellent city transportation system.

As such, Newark’s downtown area is centralized around Main Street, crisscrossing with various major side road turn-offs such as Chapel Street, Haines Street, North College Avenue, South College Avenue and finally branching out into Elkton and New London Roads. A high density of retail establishments line Main Street, consisting of bookstores such as Lieberman’s Bookstore, banks such as Delaware National Bank and PNC Bank, restaurants such as California Tortilla and Subway. Apart from that, the Newark Shopping Centre and the Market East Plaza lie off the eastern end of Main Street. Thus, these locations would be highly suited for a virtual office or office space for retail businesses that cater to the local student community.

Conclusion

Finally, with these 3 major cities within Delaware each equally unique, anyone looking into establishing a virtual office and office space in this state would need to analyze the strengths of each city in order to accurately identify a suitable location. This means association of the business with the existing economic activity as well as the function of the city would be imperative factors. Only then would the virtual office or the office space be set up in the right place for the right purpose.