The typical asking rate per listing is in the $30's per square foot per year. The Center City West submarket is going through a a boost 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 West region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 62 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the Center City West 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,190 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 27 floors. Most buildings in this area were built in 1969 and are Class A.
Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Center City West occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.