North Philadelphia Office Space

North Philadelphia

Market Report

Number of Listings
Posted in the last 90 days
46
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
31,400

North Philadelphia Rates

On average, listings lease in the $20's per square foot per year. The North Philadelphia submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the Philadelphia market, the North Philadelphia submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

North Philadelphia Listing Supply

In the last 90 days, 279 listings have been posted online, so you'll want to check back regularly for new listings. About 15% of the available leases in the North Philadelphia are subleases, so you might be able to find a shorter term or below market rent. 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 31,400 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 1937 and are Class B.

North Philadelphia Community

Market Data

Real time and historical data on commercial real estate listings in North Philadelphia.
Research