The typical asking rate per listing is in the $20's per square foot per year. The Philadelphia Metropolitan Area region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.
In the last 90 days, 9181 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the available space in the Philadelphia Metropolitan Area are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area 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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