The typical asking rate per listing is in the $10'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 increased $20 per sqft per year.
Compared to the rest of the Philadelphia market, the South Philadelphia East region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,810 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 28 stories. Most buildings in this market were built in 1930 and are Class B.