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

  Mar 15 vs. 3 mo. prior Y-O-Y
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State
$109.16 +0.4% +4.1%
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Metro
$137.62 +4.6% +4.9%
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County
$127.15 +8.0% -16.5%
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City
$138.78 +9.4% -14.8%

Current Philadelphia market trends data indicates an increase of +9.4% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -14.8% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are 8.0% higher at $127 per sq ft compared to the current median price of $139 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property Sale Prices - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
$90.84 +7.3% +10.3%
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Metro
$91.52 +9.4% +11.1%

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Retail Property No. of Listings - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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Metro
60 -4.9% -21.3%

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Retail Property Days on Market - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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State
225 +1.8% +8.4%
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Metro
204 +9.7% -5.1%

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Retail Property Asking Rent - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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State
$13.94 +0.9% +0.3%
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Metro
$15.84 -0.2% +0.1%
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County
$19.16 +0.8% -2.3%
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City
$19.54 0.0% -4.5%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Mar 15 was $19.54. This represents a decrease of 0.0% compared to the prior 3 months, with a decrease of -4.5% year-over-year. County-wide, average rental rates in Philadelphia are +0.8% higher at $19.16 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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Metro
112 +2.2% -17.1%

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Retail Property Profile Views (Demand) - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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Metro
349 +12.6% +11.2%

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Retail Property Total SF Available - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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Metro
94 +1.2% -21.8%

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Retail Property Days on Market - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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State
303 +2.8% -4.3%
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Metro
346 +4.1% +25.8%