On average, listings lease in the $20's per square foot per year. The West Philadelphia submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Philadelphia market, the West Philadelphia submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 22 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 77% of the available space 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.
Even though the median size is 25,120 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this region were built in 1978 and are Class B.