Philadelphia, PA Market TrendsBETA

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 14 vs. 3 mo. prior Y-O-Y
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State
$104.90 -0.2% -0.3%
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Metro
$131.25 -0.9% -0.4%
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County
$152.23 -1.2% +7.1%
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City
$162.90 -1.8% +7.6%

Current Philadelphia market trends data indicates a decrease of -1.8% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with an increase of +7.6% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -1.2% lower at $152 per sq ft compared to the current median price of $163 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property Sale Prices - Sale Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
-
State
$82.67 +12.0% +10.3%
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Metro
$81.81 +6.3% +6.1%

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Retail Property No. of Listings - Sale Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
-
Metro
76 +1.7% +31.5%

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Retail Property Days on Market - Sale Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
-
State
208 +5.3% +6.9%
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Metro
216 +6.5% +3.7%

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Retail Property Asking Rent - Lease Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
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State
$13.90 +0.7% +0.8%
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Metro
$15.83 +0.6% -0.5%
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County
$19.60 +0.7% +2.3%
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City
$20.45 +1.1% +3.3%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Mar 14 was $20.45. This represents an increase of 1.1% compared to the prior 3 months, with an increase of +3.3% year-over-year. County-wide, average rental rates in Philadelphia are +0.7% higher at $19.60 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
-
Metro
135 -0.7% +33.1%

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Retail Property Profile Views (Demand) - Lease Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
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Metro
314 +54.7% +8.1%

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Retail Property Total SF Available - Lease Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
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Metro
120 -5.2% +24.1%

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Retail Property Days on Market - Lease Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
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State
318 +8.2% +17.5%
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Metro
274 +4.7% -1.4%