On average, listings lease in the $40's per square foot per year. The Bala Cynwyd region is experiencing a a rise in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 35% increase in rent.
Compared to the rest of the Philadelphia market, the Bala Cynwyd submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,650 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 6 floors. Most buildings in this area were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Bala Cynwyd occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.