On average, listings lease in the $30's per square foot per year. The Philadelphia County submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 310 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available leases in the Philadelphia County are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,230 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 5 floors. Most buildings in this market were built in 1950 and are Class A.