West Philadelphia Office Space

West Philadelphia

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
6,070
As of: March 12, 2017

West Philadelphia Rates

On average, listings lease in the $20's per square foot per year. The West Philadelphia region is going through a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 33% decrease in rent.

Compared to the rest of the Philadelphia market, the West Philadelphia submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

West Philadelphia Listing Supply

In the last 90 days, 22 listings have been listed, which means leases most likley are going fast. 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 6,070 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this market were built in 1975 and are Class B.

West Philadelphia Community

Market Report

Trends and status of the commercial real estate market in West Philadelphia.
Market Report

Market Data

Real time and historical data on commercial real estate listings in West Philadelphia.
Research