On average, listings lease in the $30's per square foot per year. The Center City region is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Philadelphia market, the Center City submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 219 listings have been posted online, so you'll want to check back regularly for new listings. About 43% of the listings in the Center City 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,500 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 17 floors. Most buildings in this area were built in 1931 and are Class A.