Reading Industrial

Reading

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
6,800
As of: June 26, 2017

Reading Rates

The typical asking rate per listing is in the $20's per square foot per year. The Reading region is experiencing a a rise in rates. In the last 3 months, the median rate rose $20 per sqft per year.

Reading Listing Supply

In the last 90 days, 38 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 39% of the listings 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 available, so finding a space for a small business might be tough.

Even though the median size is 6,800 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area were built in 1926 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