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

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$112.73 +0.9% +4.2%
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Metro
$142.11 -0.3% +4.0%
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County
$145.92 -0.5% +14.3%
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City
$158.27 -0.3% +12.6%

Current Philadelphia market trends data indicates a decrease of -0.3% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with an increase of +12.6% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -0.5% lower at $146 per sq ft compared to the current median price of $158 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property No. of Listings - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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Metro
56 +1.9% -9.5%

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Retail Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$14.08 +0.3% +0.5%
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Metro
$16.06 +1.1% +1.2%
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County
$19.59 +2.8% +5.2%
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City
$19.99 +2.5% +5.4%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Jun 16 was $19.99. This represents an increase of 2.5% compared to the prior 3 months, with an increase of +5.4% year-over-year. County-wide, average rental rates in Philadelphia are +2.8% higher at $19.59 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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Metro
123 +3.2% +7.8%

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Retail Property Profile Views (Demand) - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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Metro
143 -55.2% -49.1%

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Retail Property Total SF Available - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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Metro
104 +1.2% +9.9%