Most listings are in the $30's per square foot per year. The Center City region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Philadelphia market, the Center City region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 216 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available leases in the Center City are subleases, so you will probably have to consider a longer term lease. 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 5,590 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 20 floors. Most buildings in this region were built in 1930 and are Class A.