On average, listings lease in the $20's per square foot per year. The North Philadelphia submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $28 per sqft per year.
Compared to the rest of the Philadelphia market, the North Philadelphia submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 31 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 42% of the listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 19,380 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 1938 and are Class B.