Philadelphia, PA Market Trends

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Multifamily Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$58,032.17 -1.2% +10.1%
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Metro
$82,845.01 -0.1% +11.9%
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County
$97,784.79 -0.9% +6.5%
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City
$105,784.18 +1.2% +8.6%

Current Philadelphia market trends data indicates an increase of +1.2% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with an increase of +8.6% compared to last year's prices. County-wide, asking prices for Multifamily properties are -0.9% lower at $97,785 per unit compared to the current median price of $105,784 per unit for Multifamily properties in Philadelphia, PA.

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Office Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$99.51 -0.1% +1.8%
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Metro
$131.06 -0.1% -0.2%
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County
$129.36 +3.3% -0.4%
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City
$136.38 +5.3% +1.4%

Current Philadelphia market trends data indicates an increase of +5.3% in the median asking price per sq ft for Office properties compared to the prior 3 months, with an increase of +1.4% compared to last year's prices. County-wide, asking prices for Office properties are 3.3% higher at $129 per sq ft compared to the current median price of $136 per sq ft for Office properties in Philadelphia, PA.

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Industrial Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$44.72 -1.3% +4.4%
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Metro
$56.88 +1.6% +0.6%
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County
$43.98 +3.7% +5.0%
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City
$45.94 +2.0% +4.3%

Current Philadelphia market trends data indicates an increase of +2.0% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +4.3% compared to last year's prices. County-wide, asking prices for Industrial properties are 3.7% higher at $44 per sq ft compared to the current median price of $46 per sq ft for Industrial properties in Philadelphia, PA.

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Retail Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$107.76 +1.4% +2.8%
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Metro
$132.17 -0.2% -0.2%
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County
$124.17 -13.8% -13.2%
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City
$133.75 -13.5% -13.4%

Current Philadelphia market trends data indicates a decrease of -13.5% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -13.4% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -13.8% lower at $124 per sq ft compared to the current median price of $134 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Multifamily Property Sale Prices - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$47,670.68 -9.4% -6.4%
-
Metro
$69,485.50 -8.6% -11.5%

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Office Property Sale Prices - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$69.03 -2.7% +8.5%
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Metro
$70.85 -3.9% +12.3%

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Industrial Property Sale Prices - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$35.74 -11.2% -16.9%
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Metro
$38.54 -8.7% -15.0%

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Retail Property Sale Prices - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$76.45 -5.6% +3.2%
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Metro
$76.70 -5.3% +0.1%

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Multifamily Property Total $ Available For Sale - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
22 -36.3% -16.2%

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Office Property Total $ Available For Sale - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
52 -24.9% -4.4%

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Industrial Property Total $ Available For Sale - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
51 -26.9% -7.0%

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Retail Property Total $ Available For Sale - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
50 -18.1% +17.2%

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Multifamily Property No. of Listings - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
48 -28.4% +3.3%

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Office Property No. of Listings - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
83 -25.1% +4.6%

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Industrial Property No. of Listings - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
62 -23.9% -5.2%

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Retail Property No. of Listings - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
68 -14.6% +19.4%

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Multifamily Property Profile Views (Demand) - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
116 -10.2% +11.6%

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Office Property Profile Views (Demand) - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
154 -1.5% +9.0%

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Industrial Property Profile Views (Demand) - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
161 +1.8% +7.0%

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Retail Property Profile Views (Demand) - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
155 +3.7% +30.3%

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Office Property Total SF Available - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
72 -26.7% -4.0%

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Industrial Property Total SF Available - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
56 -26.5% -5.7%

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Retail Property Total SF Available - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
65 -18.5% +17.6%

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Multifamily Property No. of Units For Sale - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
22 -37.6% -26.4%

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Multifamily Property Days on Market - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
189 -2.9% -8.6%
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Metro
171 +6.6% -2.5%

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Office Property Days on Market - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
293 +9.2% +0.2%
-
Metro
311 +16.5% +13.2%

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Industrial Property Days on Market - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
325 +3.2% +7.7%
-
Metro
328 +8.6% +19.2%

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Retail Property Days on Market - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
220 +1.1% +13.1%
-
Metro
194 -10.0% +2.0%

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Office Property Asking Rent - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$16.42 +0.5% -0.2%
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Metro
$17.68 +0.7% -0.5%
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County
$20.37 +0.8% +6.1%
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City
$20.42 +1.1% +6.2%

The average asking rental rate per sq ft/year for Office properties in Philadelphia, PA as of Aug 14 was $20.42. This represents an increase of 1.1% compared to the prior 3 months, with an increase of +6.2% year-over-year. County-wide, average rental rates in Philadelphia are +0.8% higher at $20.37 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$5.31 +1.2% +1.6%
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Metro
$6.29 +1.9% +4.6%
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County
$5.99 +5.5% +3.5%
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City
$6.27 +4.8% +1.2%

The average asking rental rate per sq ft/year for Industrial properties in Philadelphia, PA as of Aug 14 was $6.27. This represents an increase of 4.8% compared to the prior 3 months, with an increase of +1.2% year-over-year. County-wide, average rental rates in Philadelphia are +5.5% higher at $5.99 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$13.81 -0.8% -0.1%
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Metro
$15.80 -0.4% -0.2%
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County
$18.88 -3.8% -4.5%
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City
$19.51 -4.5% -5.3%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Aug 14 was $19.51. This represents a decrease of -4.5% compared to the prior 3 months, with a decrease of -5.3% year-over-year. County-wide, average rental rates in Philadelphia are -3.8% lower at $18.88 per sq ft/year for Retail Commercial properties currently for lease.

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Office Property No. of Spaces - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
80 -26.3% +2.7%

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Industrial Property No. of Spaces - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
69 -25.3% -3.1%

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Retail Property No. of Spaces - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
109 -22.4% +7.8%

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Office Property Profile Views (Demand) - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
341 +2.9% +20.3%

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Industrial Property Profile Views (Demand) - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
229 +0.3% +11.8%

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Retail Property Profile Views (Demand) - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
306 -0.1% +14.5%

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Office Property Total SF Available - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
64 -26.0% -1.2%

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Industrial Property Total SF Available - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
49 -28.3% -13.0%

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Retail Property Total SF Available - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
92 -23.5% -3.1%

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Office Property Days on Market - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
277 +14.2% +52.8%
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Metro
235 +29.5% +79.4%

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Industrial Property Days on Market - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
328 +9.2% +7.7%
-
Metro
308 +13.1% +16.5%

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Retail Property Days on Market - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
304 -5.1% +8.1%
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Metro
293 +0.7% +5.0%