Most listings are in the $30's per square foot per year. The Center City region is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Philadelphia market, the Center City region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 219 listings have been made available, so you'll want to check back regularly for new listings. About 27% of the listings in the Center City 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.
Even though the median size is 7,490 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 19 floors. Most buildings in this market were built in 1931 and are Class A.