On average, listings lease in the $10's per square foot per year. The Northern Liberties - Fishtown submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year.
Compared to the rest of the Philadelphia market, the Northern Liberties - Fishtown region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 40 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Northern Liberties - Fishtown are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this area were built in 1950 and are Class B.
Real time and historical data on commercial real estate listings in Northern Liberties - Fishtown.
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