Reading Industrial

Reading

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$95
Median Size (sqft)
2,700
As of: July 23, 2017

Reading Rates

On average, listings lease in the $90's per square foot per year. The Reading submarket is going through a a boost in rates. In the last 3 months, the median rate increased $75 per sqft per year. That's a 372% increase in rent.

Reading Listing Supply

In the last 90 days, 38 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 18% of the available space in the Reading are subleases, so you might be able to find a shorter term or below market rent. 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 2,700 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this region were built in 1921 and are Class B.

Reading Community

Market Report

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

Market Data

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