South Philadelphia East Sublease

South Philadelphia East

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
3,570
As of: June 27, 2017

South Philadelphia East Rates

On average, listings lease in the $30's per square foot per year. The South Philadelphia East region is experiencing a a boost in rates. In the last 3 months, the median rate rose $38 per sqft per year.

Compared to the rest of the Philadelphia market, the South Philadelphia East submarket has higher rates, and you'll need to pay a premium to be in this hot region.

South Philadelphia East Listing Supply

In the last 90 days, 3 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 133% of the listings in the South Philadelphia East 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 3,570 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 28 stories. Most buildings in this region were built in 1911 and are Class B.

South Philadelphia East Community

Market Report

Trends and status of the commercial real estate market in South Philadelphia East.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Philadelphia East.
Research