Compared to the rest of the Philadelphia market, the South Philadelphia East submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 133% of the listings in the South Philadelphia East are subleases, so you might be able to find a shorter term or below market rent. 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 market are close to 28 floors. Most buildings in this region were built in 1911 and are Class B.