Most listings are in the $30's per square foot per year. The Bala Cynwyd region is experiencing a a boost in rates. In the last 3 months, the median rate went up $38 per sqft per year.
Compared to the rest of the Philadelphia market, the Bala Cynwyd region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 12 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available space in the Bala Cynwyd 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 12,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this market 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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.