The typical asking rate per listing is in the $40's per square foot per year. The Logan Square region is seeing a decrease in rates. In the last 3 months, the median rate decreased $92 per sqft per year. That's a 70% decrease in rent.
Compared to the rest of the Philadelphia market, the Logan Square submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 24 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available leases in the Logan Square are subleases, so you will probably have to consider a longer term 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 7,740 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 27 stories. Most buildings in this region were built in 1980 and are Class A.