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

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$107.33 +2.1% +2.3%
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Metro
$132.11 +0.2% -0.6%
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County
$128.63 -14.9% -6.7%
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City
$138.69 -14.1% -6.4%

Current Philadelphia market trends data indicates a decrease of -14.1% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -6.4% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -14.9% lower at $129 per sq ft compared to the current median price of $139 per sq ft for Retail Commercial properties in Philadelphia, PA.

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Retail Property Sale Prices - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$77.68 -5.9% +4.0%
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Metro
$77.80 -5.4% +1.8%

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Retail Property No. of Listings - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
Metro
67 -12.9% +15.1%

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Retail Property Days on Market - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
214 +0.4% +10.9%
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Metro
202 -7.4% +2.6%

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Retail Property Asking Rent - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$13.83 -0.6% 0.0%
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Metro
$15.79 -0.5% -0.3%
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County
$18.94 -4.5% -2.8%
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City
$19.60 -5.1% -3.7%

The average asking rental rate per sq ft/year for Retail Commercial properties in Philadelphia, PA as of Jul 14 was $19.60. This represents a decrease of -5.1% compared to the prior 3 months, with a decrease of -3.7% year-over-year. County-wide, average rental rates in Philadelphia are -4.5% lower at $18.94 per sq ft/year for Retail Commercial properties currently for lease.

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Retail Property No. of Spaces - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
Metro
109 -21.2% +7.2%

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Retail Property Profile Views (Demand) - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
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Metro
296 -2.6% +15.4%

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Retail Property Total SF Available - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
Metro
92 -22.6% -3.3%

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Retail Property Days on Market - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
306 -4.8% +9.7%
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Metro
292 +2.5% +6.6%