The typical asking rate per listing is in the $30's per square foot per year. The Center City East region is going through a an increase in rates. In the last 3 months, the median rate went up $38 per sqft per year.
Compared to the rest of the Philadelphia market, the Center City East submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 94% of the office spaces in the Center City East 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 12,060 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this region were built in 1924 and are Class A.