The typical asking rate per listing is in the $30's per square foot per year. The Logan Square region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Philadelphia market, the Logan Square region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 23 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 27 stories. Most buildings in this region were built in 1980 and are Class A.