Philadelphia, PA Market Trends

Looking for more information on sold properties? Get the critical details you need on recent commercial property transactions days after the close of sale.

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Retail Property Asking Price Index - Sale Trends

  May 15 vs. 3 mo. prior Y-O-Y
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State
$108.81 -0.6% +2.4%
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Metro
$137.40 +0.8% +3.8%
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County
$130.11 +5.5% -9.7%
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City
$143.20 +7.5% -7.4%

Current Philadelphia market trends data indicates an increase of +7.5% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -7.4% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are 5.5% higher at $130 per sq ft compared to the current median price of $143 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property Sale Prices - Sale Trends

  May 15 vs. 3 mo. prior Y-O-Y
-
State
$91.35 +2.8% +12.8%
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Metro
$92.59 +5.8% +14.3%

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Retail Property No. of Listings - Sale Trends

  May 15 vs. 3 mo. prior Y-O-Y
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Metro
60 +1.1% -24.5%

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Retail Property Days on Market - Sale Trends

  May 15 vs. 3 mo. prior Y-O-Y
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State
215 -3.8% -1.2%
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Metro
210 +5.6% -2.7%

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Retail Property Asking Rent - Lease Trends

  May 15 vs. 3 mo. prior Y-O-Y
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State
$14.03 +1.2% +0.8%
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Metro
$15.97 +1.0% +0.6%
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County
$18.98 -0.3% -3.3%
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City
$19.33 -1.0% -5.4%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of May 15 was $19.33. This represents a decrease of -1.0% compared to the prior 3 months, with a decrease of -5.4% year-over-year. County-wide, average rental rates in Philadelphia are -0.3% lower at $18.98 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  May 15 vs. 3 mo. prior Y-O-Y
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Metro
113 +2.4% -19.7%

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Retail Property Profile Views (Demand) - Lease Trends

  May 15 vs. 3 mo. prior Y-O-Y
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Metro
302 -7.6% -1.2%

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Retail Property Total SF Available - Lease Trends

  May 15 vs. 3 mo. prior Y-O-Y
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Metro
95 +2.0% -20.9%

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Retail Property Days on Market - Lease Trends

  May 15 vs. 3 mo. prior Y-O-Y
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State
328 +15.1% +2.0%
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Metro
344 +3.6% +17.3%