On average, listings lease in the $20's per square foot per year. The Bala Cynwyd region is experiencing a decrease in rates. In the last 3 months, the median rate fell $29 per sqft per year. That's a 55% decrease in rent.
Compared to the rest of the Philadelphia market, the Bala Cynwyd region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 12 listings have been listed, which means listings most likley are going fast. 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 6,570 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market 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 folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.