Most listings are in the $30's per square foot per year. The Center City West submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $35 per sqft per year.
Compared to the rest of the Philadelphia market, the Center City West region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 154 listings have been posted online, so you'll want to check back regularly for new listings. About 29% of the listings in the Center City West are subleases, so you might be able to find a shorter term or below market rent. 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 6,500 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 23 stories. Most buildings in this market were built in 1969 and are Class A.
Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Center City West residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.