Southwest Reading Sublease

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Southwest Reading

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$95
Median Size (sqft)
2,700
As of: July 26, 2017

Southwest Reading Rates

On average, listings lease in the $90's per square foot per year. The Southwest Reading region is going through a an increase in rates. In the last 3 months, the median rate rose $75 per sqft per year. That's a 372% increase in rent.

Southwest Reading Listing Supply

In the last 90 days, 22 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 18% of the listings in the Southwest Reading are subleases, so you might be able to snag a great spot on a short term. 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 2,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 4 stories. Most buildings in this market 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 close to 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