Compared to the rest of the Philadelphia market, the Center City East region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Center City East 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 posted, so finding a space for a small business might be tough.
Even though the median size is 11,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 5 floors. Most buildings in this region were built in 1925 and are Class A.