Southwest Reading Sublease

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Southwest Reading

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
6,800
As of: June 23, 2017

Southwest Reading Rates

The typical asking rate per listing is in the $20's per square foot per year. The Southwest Reading submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $20 per sqft per year.

Southwest Reading Listing Supply

In the last 90 days, 22 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 55% of the office spaces in the Southwest Reading 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 6,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this region were built in 1920 and are Class B.

Southwest Reading Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Southwest Reading occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Southwest Reading.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southwest Reading.
Research