On average, listings lease in the $20's per square foot per year. The North Philadelphia East region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Philadelphia market, the North Philadelphia East region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 16 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 6,180 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 7 stories. Most buildings in this region were built in 1971 and are Class B.