Compared to the rest of the Philadelphia market, the South Philadelphia East submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 133% of the available leases in the South Philadelphia East 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 listings below 2,000 sqft. Most properties in this area are approximately 28 floors. Most buildings in this region were built in 1911 and are Class B.