Most listings are in the $30's per square foot per year. The Rittenhouse Square region is seeing a a boost in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the Philadelphia market, the Rittenhouse Square region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have come on the market, which means new listings might be going fast. 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 2,800 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 21 floors. Most buildings in this area were built in 1927 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Most of the folk of Rittenhouse Square work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.