Compared to the rest of the Philadelphia market, the South Philadelphia submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 57% of the office spaces in the South Philadelphia 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 7,510 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 4 stories. Most buildings in this region were built in 1930 and are Class B.