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

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$107.76 +1.4% +2.8%
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Metro
$132.17 -0.2% -0.2%
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County
$124.17 -13.8% -13.2%
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City
$133.75 -13.5% -13.4%

Current Philadelphia market trends data indicates a decrease of -13.5% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -13.4% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -13.8% lower at $124 per sq ft compared to the current median price of $134 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property Sale Prices - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$76.45 -5.6% +3.2%
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Metro
$76.70 -5.3% +0.1%

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Retail Property No. of Listings - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
Metro
68 -14.6% +19.4%

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Retail Property Days on Market - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
220 +1.1% +13.1%
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Metro
194 -10.0% +2.0%

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Retail Property Asking Rent - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$13.81 -0.8% -0.1%
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Metro
$15.80 -0.4% -0.2%
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County
$18.88 -3.8% -4.5%
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City
$19.51 -4.5% -5.3%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Aug 14 was $19.51. This represents a decrease of -4.5% compared to the prior 3 months, with a decrease of -5.3% year-over-year. County-wide, average rental rates in Philadelphia are -3.8% lower at $18.88 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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Metro
109 -22.4% +7.8%

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Retail Property Profile Views (Demand) - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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Metro
306 -0.1% +14.5%

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Retail Property Total SF Available - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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Metro
92 -23.5% -3.1%

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Retail Property Days on Market - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
304 -5.1% +8.1%
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Metro
293 +0.7% +5.0%