Southwest Reading Industrial

Southwest Reading

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$95
Median Size (sqft)
2,700
As of: July 21, 2017

Southwest Reading Rates

Most listings are in the $90's per square foot per year. The Southwest Reading submarket is going through a a boost in rates. In the last 3 months, the median rate went up $75 per sqft per year. That's a 372% increase in rent.

Southwest Reading Listing Supply

In the last 90 days, 22 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 18% of the listings in the Southwest Reading are subleases, so you might be able to snag a great spot on a short term. 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 2,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 4 floors. Most buildings in this region were built in 1920 and are Class B.

Southwest Reading Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Southwest Reading folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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