On average, listings lease in the $40's per square foot per year. The West Philadelphia submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $24 per sqft per year. That's a 103% increase in rent.
Compared to the rest of the Philadelphia market, the West Philadelphia region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 136 listings have been listed, so you'll want to check back regularly for new listings. 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 25,120 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 4 floors. Most buildings in this region were built in 1978 and are Class B.
Real time and historical data on commercial real estate listings in West Philadelphia.
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