On average, listings lease in the $20's per square foot per year. The Logan Square submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 44% decrease in rent.
Compared to the rest of the Philadelphia market, the Logan Square submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 23 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,980 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 27 stories. Most buildings in this region were built in 1980 and are Class A.