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

  Dec 15 vs. 3 mo. prior Y-O-Y
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State
$107.63 -0.7% -1.0%
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Metro
$139.61 -0.8% +6.1%
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County
$138.75 -2.6% +17.9%
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City
$150.64 -1.7% +18.7%

Current Philadelphia market trends data indicates a decrease of -1.7% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with an increase of +18.7% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -2.6% lower at $139 per sq ft compared to the current median price of $151 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property Sale Prices - Sale Trends

  Dec 15 vs. 3 mo. prior Y-O-Y
-
State
$75.26 +1.0% -11.1%
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Metro
$81.64 -1.6% -2.4%

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Retail Property No. of Listings - Sale Trends

  Dec 15 vs. 3 mo. prior Y-O-Y
-
Metro
57 -3.8% -9.7%

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Retail Property Days on Market - Sale Trends

  Dec 15 vs. 3 mo. prior Y-O-Y
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State
194 -3.2% -12.4%
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Metro
200 -6.0% +7.1%

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Retail Property Asking Rent - Lease Trends

  Dec 15 vs. 3 mo. prior Y-O-Y
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State
$13.99 +0.4% +1.3%
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Metro
$15.76 -0.3% -0.7%
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County
$18.48 -0.6% -2.7%
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City
$18.90 +0.0% -3.3%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Dec 15 was $18.90. This represents an increase of 0.0% compared to the prior 3 months, with a decrease of -3.3% year-over-year. County-wide, average rental rates in Philadelphia are -0.6% lower at $18.48 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  Dec 15 vs. 3 mo. prior Y-O-Y
-
Metro
116 +1.2% +6.0%

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Retail Property Profile Views (Demand) - Lease Trends

  Dec 15 vs. 3 mo. prior Y-O-Y
-
Metro
293 -4.2% -5.4%

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Retail Property Total SF Available - Lease Trends

  Dec 15 vs. 3 mo. prior Y-O-Y
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Metro
101 +2.2% +8.0%

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Retail Property Days on Market - Lease Trends

  Dec 15 vs. 3 mo. prior Y-O-Y
-
State
331 -4.1% +15.0%
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Metro
320 -13.0% -2.6%