On average, listings lease in the $20's per square foot per year. The Fairmount - Art Museum submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Philadelphia market, the Fairmount - Art Museum submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,820 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 12 floors. Most buildings in this region were built in 1937 and are Class A.