Compared to the rest of the Philadelphia market, the South Philadelphia East region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 133% of the available space in the South Philadelphia East are subleases, so you might be able to find a shorter term or below market rent. 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 7,510 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 28 stories. Most buildings in this area were built in 1911 and are Class B.