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

  Feb 15 vs. 3 mo. prior Y-O-Y
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State
$109.52 +1.4% +4.7%
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Metro
$136.31 +4.2% +4.1%
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County
$123.30 +4.8% -19.7%
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City
$133.15 +5.1% -19.6%

Current Philadelphia market trends data indicates an increase of +5.1% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -19.6% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are 4.8% higher at $123 per sq ft compared to the current median price of $133 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property Sale Prices - Sale Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
-
State
$90.86 +10.4% +13.5%
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Metro
$88.67 +8.8% +9.2%

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Retail Property No. of Listings - Sale Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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Metro
59 -10.2% -20.3%

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Retail Property Days on Market - Sale Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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State
223 -0.9% +10.6%
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Metro
198 +8.3% -6.4%

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Retail Property Asking Rent - Lease Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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State
$13.86 +0.4% -0.4%
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Metro
$15.81 -0.5% -0.2%
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County
$19.04 +0.3% -1.9%
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City
$19.52 -0.2% -3.2%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Feb 15 was $19.52. This represents a decrease of -0.2% compared to the prior 3 months, with a decrease of -3.2% year-over-year. County-wide, average rental rates in Philadelphia are +0.3% higher at $19.04 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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Metro
110 +0.7% -17.5%

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Retail Property Profile Views (Demand) - Lease Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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Metro
327 +4.0% +14.8%

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Retail Property Total SF Available - Lease Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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Metro
93 +1.2% -23.3%

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Retail Property Days on Market - Lease Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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State
292 -2.7% -4.1%
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Metro
337 +3.0% +27.4%