On average, listings lease in the $20's per square foot per year. The Penn American District region is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 11% rise in rent.
In the last 90 days, 5 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 15,950 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 14 floors. Most buildings in this region were built in 1984 and are Class B.
This region is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this region. Most of the occupants of Penn American District work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.