Avenue of the Arts South Retail

Avenue of the Arts South

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
6,310
As of: July 23, 2017

Avenue of the Arts South Rates

The typical asking rate per listing is in the $20's per square foot per year. The Avenue of the Arts South submarket is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Philadelphia market, the Avenue of the Arts South region has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Avenue of the Arts South Listing Supply

In the last 90 days, 20 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Avenue of the Arts South are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 6,310 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 17 stories. Most buildings in this area were built in 1916 and are Class B.

Avenue of the Arts South Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Avenue of the Arts South residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Avenue of the Arts South.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Avenue of the Arts South.
Research