The typical asking rate per listing is in the $30's per square foot per year. The Center City East submarket is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Philadelphia market, the Center City East submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 16 listings have been made available, which means new availabilities might be going fast. 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 5,060 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this area were built in 1924 and are Class A.