The typical asking rate per listing is in the $30's per square foot per year. The Center City submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the Philadelphia market, the Center City submarket has more expensive 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 made available, so you'll want to check back regularly for new listings. About 40% of the available space 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 5,730 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 19 floors. Most buildings in this area were built in 1930 and are Class A.