On average, listings lease in the $20's per square foot per year. The West Philadelphia submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Philadelphia market, the West Philadelphia submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 12 listings have been posted online, which means leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1972 and are Class B.