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 14 vs. 3 mo. prior Y-O-Y
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State
$108.75 +0.7% +3.5%
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Metro
$131.60 -0.5% -0.6%
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County
$117.70 -3.2% -23.6%
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City
$126.88 -3.0% -23.5%

Current Philadelphia market trends data indicates a decrease of -3.0% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -23.5% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -3.2% lower at $118 per sq ft compared to the current median price of $127 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property Sale Prices - Sale Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
-
State
$84.26 +9.5% +14.2%
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Metro
$83.48 +8.7% +8.5%

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Retail Property No. of Listings - Sale Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
-
Metro
63 -7.2% -15.8%

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Retail Property Days on Market - Sale Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
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State
221 -2.0% +11.8%
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Metro
186 -1.2% -7.9%

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Retail Property Asking Rent - Lease Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
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State
$13.81 +0.1% +0.0%
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Metro
$15.87 +0.8% +0.8%
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County
$19.00 +1.4% -2.5%
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City
$19.54 +1.0% -3.4%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Dec 14 was $19.54. This represents an increase of 1.0% compared to the prior 3 months, with a decrease of -3.4% year-over-year. County-wide, average rental rates in Philadelphia are +1.4% higher at $19.00 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
-
Metro
109 +0.3% -19.4%

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Retail Property Profile Views (Demand) - Lease Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
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Metro
310 -0.9% +52.7%

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Retail Property Total SF Available - Lease Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
-
Metro
93 +2.9% -26.8%

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Retail Property Days on Market - Lease Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
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State
297 -2.7% +1.6%
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Metro
333 +9.3% +27.1%