The typical asking rate per listing is in the $30's per square foot per year. The Logan Square submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $17 per sqft per year. That's a 76% rise in rent.
Compared to the rest of the Philadelphia market, the Logan Square submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 23 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 48% of the listings in the Logan Square 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 13,780 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 27 stories. Most buildings in this area were built in 1980 and are Class A.