On average, listings lease in the $10's per square foot per year. The South Philadelphia region is experiencing a an increase in rates. In the last 3 months, the median rate went up $20 per sqft per year.
Compared to the rest of the Philadelphia market, the South Philadelphia region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 7 listings have been made available, which means listings might be 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,490 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this area were built in 1930 and are Class B.