On average, listings lease in the $20's per square foot per year. The North Philadelphia East submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Philadelphia market, the North Philadelphia East submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 267% of the available leases in the North Philadelphia East are subleases, so you might be able to find a shorter term or below market rent. 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 4,470 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 7 floors. Most buildings in this market were built in 1971 and are Class B.