Avenue of the Arts South Office Space

Avenue of the Arts South

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
14,090
As of: December 2, 2016

Avenue of the Arts South Rates

Most listings are in the $20's per square foot per year. The Avenue of the Arts South submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 28% decrease in rent.

Compared to the rest of the Philadelphia market, the Avenue of the Arts South submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Avenue of the Arts South Listing Supply

In the last 90 days, 2 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Avenue of the Arts South 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 14,090 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 17 stories. Most buildings in this area were built in 1914 and are Class B.

Avenue of the Arts South Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Avenue of the Arts South occupants. Commuting close to an hour and a half 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 Avenue of the Arts South.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Avenue of the Arts South.
Research