On average, listings lease in the $40's per square foot per year. The Logan Square region is going through a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Philadelphia market, the Logan Square submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 15 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the available space in the Logan Square are subleases, so you will probably have to focus your search on direct office leases. 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 24,790 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 27 stories. Most buildings in this market were built in 1974 and are Class A.