Most listings are in the $20's per square foot per year. The Avenue of the Arts South submarket is going through a a boost in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Philadelphia market, the Avenue of the Arts South region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 20 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 30% of the available space in the Avenue of the Arts South are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,330 sqft. Most buildings in this region are around 17 floors. Most buildings in this market were built in 1914 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Avenue of the Arts South occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.