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 15 vs. 3 mo. prior Y-O-Y
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State
$108.21 -0.9% +1.5%
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Metro
$136.59 -0.7% +3.2%
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County
$127.62 +0.4% -6.3%
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City
$140.51 +1.2% -4.4%

Current Philadelphia market trends data indicates an increase of +1.2% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -4.4% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are 0.4% higher at $128 per sq ft compared to the current median price of $141 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property Sale Prices - Sale Trends

  Jun 15 vs. 3 mo. prior Y-O-Y
-
State
$91.22 +0.6% +15.2%
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Metro
$92.85 +2.1% +17.0%

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Retail Property No. of Listings - Sale Trends

  Jun 15 vs. 3 mo. prior Y-O-Y
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Metro
61 +3.2% -25.2%

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Retail Property Days on Market - Sale Trends

  Jun 15 vs. 3 mo. prior Y-O-Y
-
State
207 -8.0% -5.0%
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Metro
210 +2.1% +0.3%

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Retail Property Asking Rent - Lease Trends

  Jun 15 vs. 3 mo. prior Y-O-Y
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State
$14.02 +0.5% +0.8%
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Metro
$15.87 +0.2% +0.2%
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County
$18.63 -2.8% -3.0%
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City
$18.96 -2.9% -4.8%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Jun 15 was $18.96. This represents a decrease of -2.9% compared to the prior 3 months, with a decrease of -4.8% year-over-year. County-wide, average rental rates in Philadelphia are -2.8% lower at $18.63 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  Jun 15 vs. 3 mo. prior Y-O-Y
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Metro
114 +1.9% -20.1%

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Retail Property Profile Views (Demand) - Lease Trends

  Jun 15 vs. 3 mo. prior Y-O-Y
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Metro
281 -19.3% -3.9%

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Retail Property Total SF Available - Lease Trends

  Jun 15 vs. 3 mo. prior Y-O-Y
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Metro
95 +0.5% -21.8%

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Retail Property Days on Market - Lease Trends

  Jun 15 vs. 3 mo. prior Y-O-Y
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State
330 +11.4% +5.9%
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Metro
349 +2.2% +18.6%