Northwest Philadelphia Industrial

Northwest Philadelphia

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
630
As of: June 28, 2017

Northwest Philadelphia Rates

On average, listings lease in the $20's per square foot per year. The Northwest Philadelphia submarket is seeing a a rise 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 Northwest Philadelphia submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Northwest Philadelphia Listing Supply

In the last 90 days, 14 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 71% of the available leases in the Northwest 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 630 sqft. Most buildings in this area are close to 3 floors. Most buildings in this region were built in 1905 and are Class C.

Northwest Philadelphia Community

Market Report

Trends and status of the commercial real estate market in Northwest Philadelphia.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northwest Philadelphia.
Research