The typical asking rate per listing is in the $30's per square foot per year. The Fairmount - Art Museum region is going through a an increase in rates. In the last 3 months, the median rate rose $30 per sqft per year.
Compared to the rest of the Philadelphia market, the Fairmount - Art Museum region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 71% of the available leases in the Fairmount - Art Museum are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 14,120 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 12 stories. Most buildings in this area were built in 1937 and are Class A.