Most listings are in the $20's per square foot per year. The North Philadelphia submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Philadelphia market, the North Philadelphia submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 31 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 4 floors. Most buildings in this area were built in 1937 and are Class B.