On average, listings lease in the $30's per square foot per year. The University City submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $30 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Philadelphia market, the University City region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 6 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 83% of the listings in the University City 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,940 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 9 stories. Most buildings in this market were built in 1978 and are Class A.