Most listings are in the $30's per square foot per year. The Center City East region is going through a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% 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 submarket.
In the last 90 days, 32 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Center City East are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,060 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 5 floors. Most buildings in this market were built in 1924 and are Class A.