On average, listings lease in the $20's per square foot per year. The Philadelphia Metropolitan Area region is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% rise in rent.
In the last 90 days, 9181 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available space in the Philadelphia Metropolitan Area are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,440 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1982 and are Class B.
Real time and historical data on commercial real estate listings in Philadelphia Metropolitan Area.
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