The typical asking rate per listing is in the $30's per square foot per year. The Bala Cynwyd submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $38 per sqft per year.
Compared to the rest of the Philadelphia market, the Bala Cynwyd submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Bala Cynwyd 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 available, so finding a space for a small business might be tough.
Even though the median size is 10,150 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region 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 residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.