Philadelphia, PA Market Trends

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Multifamily Property Asking Price Index - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$57,927.64 -1.2% +7.6%
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Metro
$82,946.28 +0.7% +9.9%
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County
$98,369.93 +0.7% +5.2%
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City
$106,308.16 +2.1% +7.3%

Current Philadelphia market trends data indicates an increase of +2.1% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with an increase of +7.3% compared to last year's prices. County-wide, asking prices for Multifamily properties are 0.7% higher at $98,370 per unit compared to the current median price of $106,308 per unit for Multifamily properties in Philadelphia, PA.

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Office Property Asking Price Index - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$99.85 -0.2% +1.8%
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Metro
$131.22 -0.5% -0.2%
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County
$128.06 +1.9% -1.9%
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City
$135.21 +3.1% +0.4%

Current Philadelphia market trends data indicates an increase of +3.1% in the median asking price per sq ft for Office properties compared to the prior 3 months, with an increase of +0.4% compared to last year's prices. County-wide, asking prices for Office properties are 1.9% higher at $128 per sq ft compared to the current median price of $135 per sq ft for Office properties in Philadelphia, PA.

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Industrial Property Asking Price Index - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$44.65 -0.4% +4.1%
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Metro
$56.77 +1.1% +0.2%
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County
$44.29 +4.6% +2.5%
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City
$46.07 +2.5% +1.4%

Current Philadelphia market trends data indicates an increase of +2.5% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +1.4% compared to last year's prices. County-wide, asking prices for Industrial properties are 4.6% 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

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$108.00 +1.3% +2.6%
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Metro
$132.24 -0.1% -0.3%
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County
$121.54 -10.8% -17.6%
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City
$130.87 -10.9% -17.8%

Current Philadelphia market trends data indicates a decrease of -10.9% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -17.8% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -10.8% lower at $122 per sq ft compared to the current median price of $131 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Multifamily Property Sale Prices - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$47,891.78 -4.3% -10.2%
-
Metro
$69,746.61 -5.6% -11.4%

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Office Property Sale Prices - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$69.21 -0.6% +12.4%
-
Metro
$70.80 -1.9% +14.0%

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Industrial Property Sale Prices - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$35.34 -8.7% -17.5%
-
Metro
$37.84 -9.6% -15.7%

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Retail Property Sale Prices - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$75.66 -4.5% +3.0%
-
Metro
$75.72 -4.6% -1.5%

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Multifamily Property Total $ Available For Sale - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
21 -33.5% -22.3%

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Office Property Total $ Available For Sale - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
53 -25.3% -1.6%

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Industrial Property Total $ Available For Sale - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
50 -29.7% -8.9%

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Retail Property Total $ Available For Sale - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
50 -20.9% +16.5%

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Multifamily Property No. of Listings - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
48 -26.9% +0.3%

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Office Property No. of Listings - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
82 -26.7% +4.3%

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Industrial Property No. of Listings - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
62 -25.0% -6.0%

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Retail Property No. of Listings - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
67 -18.0% +20.1%

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Multifamily Property Profile Views (Demand) - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
120 -1.0% +8.1%

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Office Property Profile Views (Demand) - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
159 +4.1% +12.9%

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Industrial Property Profile Views (Demand) - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
171 +14.2% +8.8%

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Retail Property Profile Views (Demand) - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
154 +3.5% +27.5%

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Office Property Total SF Available - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
73 -26.9% +0.1%

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Industrial Property Total SF Available - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
54 -29.4% -6.3%

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Retail Property Total SF Available - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
64 -21.6% +17.1%

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Multifamily Property No. of Units For Sale - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
23 -28.3% -25.9%

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Multifamily Property Days on Market - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
181 -7.7% -14.7%
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Metro
166 +0.3% -8.3%

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Office Property Days on Market - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
293 +6.3% +2.5%
-
Metro
317 +14.8% +17.9%

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Industrial Property Days on Market - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
331 +4.6% +9.7%
-
Metro
332 +5.7% +20.7%

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Retail Property Days on Market - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
227 +3.6% +13.8%
-
Metro
189 -10.3% -0.3%

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Office Property Asking Rent - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$16.45 +0.5% +0.3%
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Metro
$17.71 +0.7% +0.0%
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County
$20.39 +0.5% +6.2%
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City
$20.45 +0.6% +6.4%

The average asking rental rate per sq ft/year for Office properties in Philadelphia, PA as of Sep 14 was $20.45. This represents an increase of 0.6% compared to the prior 3 months, with an increase of +6.4% year-over-year. County-wide, average rental rates in Philadelphia are +0.5% higher at $20.39 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$5.31 +1.1% +1.4%
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Metro
$6.30 +1.3% +4.7%
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County
$6.01 +4.4% +5.0%
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City
$6.26 +3.3% +3.8%

The average asking rental rate per sq ft/year for Industrial properties in Philadelphia, PA as of Sep 14 was $6.26. This represents an increase of 3.3% compared to the prior 3 months, with an increase of +3.8% year-over-year. County-wide, average rental rates in Philadelphia are +4.4% higher at $6.01 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
$13.79 -0.8% 0.0%
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Metro
$15.74 -0.7% 0.0%
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County
$18.74 -2.4% -5.0%
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City
$19.35 -2.8% -5.8%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Sep 14 was $19.35. This represents a decrease of -2.8% compared to the prior 3 months, with a decrease of -5.8% year-over-year. County-wide, average rental rates in Philadelphia are -2.4% lower at $18.74 per sq ft/year for Retail Commercial properties currently for lease.

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Office Property No. of Spaces - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
80 -26.3% +5.5%

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Industrial Property No. of Spaces - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
69 -25.7% -2.3%

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Retail Property No. of Spaces - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
109 -23.6% +7.8%

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Office Property Profile Views (Demand) - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
351 +9.1% +26.3%

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Industrial Property Profile Views (Demand) - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
245 +15.0% +17.9%

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Retail Property Profile Views (Demand) - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
307 +5.1% +16.6%

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Office Property Total SF Available - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
66 -24.7% +7.1%

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Industrial Property Total SF Available - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
48 -29.3% -11.0%

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Retail Property Total SF Available - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
Metro
91 -25.3% -4.7%

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Office Property Days on Market - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
286 +13.9% +50.4%
-
Metro
260 +39.2% +85.7%

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Industrial Property Days on Market - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
332 +6.4% +16.4%
-
Metro
313 +10.3% +27.4%

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Retail Property Days on Market - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
-
State
305 -1.8% +7.6%
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Metro
305 +5.1% +9.5%