On average, listings lease in the $20's per square foot per year. The Southwest Reading region is seeing a an increase in rates. In the last 3 months, the median rate went up $20 per sqft per year.
In the last 90 days, 22 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 55% of the office spaces in the Southwest Reading are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,800 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this market were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Southwest Reading occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.