Most listings are in the $40's per square foot per year. The Logan Square submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $92 per sqft per year. That's a 70% decline in rent.
Compared to the rest of the Philadelphia market, the Logan Square submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 23 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,740 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 27 floors. Most buildings in this market were built in 1980 and are Class A.