On average, listings lease in the $20's per square foot per year. The North Philadelphia submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Philadelphia market, the North Philadelphia region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 22 listings have been listed, which means leases 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 5,820 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 4 floors. Most buildings in this market were built in 1938 and are Class B.