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

  Jan 15 vs. 3 mo. prior Y-O-Y
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State
$108.85 +1.0% +4.0%
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Metro
$134.04 +2.0% +1.6%
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County
$120.62 +1.9% -23.0%
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City
$130.02 +1.9% -22.6%

Current Philadelphia market trends data indicates an increase of +1.9% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -22.6% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are 1.9% higher at $121 per sq ft compared to the current median price of $130 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property Sale Prices - Sale Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
-
State
$86.30 +9.1% +12.1%
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Metro
$85.01 +8.5% +7.5%

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Retail Property No. of Listings - Sale Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
-
Metro
61 -8.6% -17.4%

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Retail Property Days on Market - Sale Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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State
221 -3.3% +11.8%
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Metro
192 +3.9% -7.5%

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Retail Property Asking Rent - Lease Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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State
$13.83 +0.2% -0.1%
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Metro
$15.85 +0.0% +0.4%
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County
$19.28 +2.3% -0.8%
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City
$19.81 +2.2% -1.5%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Jan 15 was $19.81. This represents an increase of 2.2% compared to the prior 3 months, with a decrease of -1.5% year-over-year. County-wide, average rental rates in Philadelphia are +2.3% higher at $19.28 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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Metro
110 +0.2% -18.3%

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Retail Property Profile Views (Demand) - Lease Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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Metro
320 -1.4% +16.6%

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Retail Property Total SF Available - Lease Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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Metro
92 -0.4% -26.5%

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Retail Property Days on Market - Lease Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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State
293 -3.4% -0.7%
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Metro
338 +6.6% +30.3%