Most listings are in the $40's per square foot per year. The Bala Cynwyd region is seeing a an increase in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Philadelphia market, the Bala Cynwyd region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 12 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 58% of the available space in the Bala Cynwyd 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,630 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this market were built in 1981 and are Class A.
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 region. Commute by public transit is the most popular way to get to work amongst Bala Cynwyd occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.