The typical asking rate per listing is in the $10's per square foot per year. The South Philadelphia East submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year.
Compared to the rest of the Philadelphia market, the South Philadelphia East region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,810 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 28 floors. Most buildings in this area were built in 1930 and are Class B.