The typical asking rate per listing is in the $10's per square foot per year. The Northern Liberties - Fishtown submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Philadelphia market, the Northern Liberties - Fishtown submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 300% of the office spaces in the Northern Liberties - Fishtown 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 4,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this market were built in 1950 and are Class B.