The typical asking rate per listing is in the $30's per square foot per year. The Center City submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Philadelphia market, the Center City region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 86 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available space in the Center City are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,990 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 20 stories. Most buildings in this market were built in 1930 and are Class A.