On average, listings lease in the $10's per square foot per year. The Center City submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decrease in rent.
In the last 90 days, 76 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available leases in the Center City are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,420 sqft. Most properties in this region are approximately 3 floors. Most buildings in this market were built in 1947 and are Class C.
Professional services is the dominant industry in this area. Most of the residents of Center City work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.