The typical asking rate per listing is in the $30's per square foot per year. The Southwest Reading submarket is going through a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 92% increase in rent.
In the last 90 days, 2 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 260 sqft. Most buildings in this market are close to 4 stories. Most buildings in this area 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 market. 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.