West Philadelphia Retail

West Philadelphia

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
6,880
As of: June 23, 2017

West Philadelphia Rates

Most listings are in the $20's per square foot per year. The West Philadelphia submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $20 per sqft per year.

Compared to the rest of the Philadelphia market, the West Philadelphia region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

West Philadelphia Listing Supply

In the last 90 days, 22 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 27% of the listings in the West 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,830 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1975 and are Class B.

West Philadelphia Community

Market Report

Trends and status of the commercial real estate market in West Philadelphia.
Market Report

Market Data

Real time and historical data on commercial real estate listings in West Philadelphia.
Research