Compared to the rest of the Philadelphia market, the Center City East region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 181% of the available leases in the Center City East 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 5,600 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this region were built in 1925 and are Class A.