Compared to the rest of the Philadelphia market, the South Philadelphia East submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 167% of the listings in the South Philadelphia East 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.
Even though the median size is 3,570 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 28 stories. Most buildings in this market were built in 1911 and are Class B.