The typical asking rate per listing is in the $20's per square foot per year. The Fairmount - Art Museum submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Philadelphia market, the Fairmount - Art Museum submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 7 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 22,430 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 12 floors. Most buildings in this area were built in 1937 and are Class A.