On average, listings lease in the $20's per square foot per year. The North Philadelphia submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Philadelphia market, the North Philadelphia submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 31 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 61% of the available space in the North Philadelphia are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 8,080 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1937 and are Class B.