On average, listings lease in the $30's per square foot per year. The Fairmount - Art Museum submarket is going through a a boost in rates. In the last 3 months, the median rate rose $30 per sqft per year.
Compared to the rest of the Philadelphia market, the Fairmount - Art Museum submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 7 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 86% of the listings in the Fairmount - Art Museum 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 available, so finding a space for a small business might be tough.
Even though the median size is 14,120 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 12 stories. Most buildings in this region were built in 1937 and are Class A.