The typical asking rate per listing is in the $0's per square foot per year. The Bala Cynwyd submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 12 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 12,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1981 and are Class A.
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 region. Commute by public transit is the most popular way to get to work amongst Bala Cynwyd folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.