The typical asking rate per listing is in the $30's per square foot per year. The Center City East submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Philadelphia market, the Center City East submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 10 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 10% of the available leases in the Center City East are subleases, so you will probably have to focus your search on direct office leases. 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 6,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this market were built in 1924 and are Class A.