Philadelphia, PA
Commercial Real Estate Market Trends & Data

$337 Avg asking sale price
$175 Avg asking lease rate
40,249 SF Avg unit lease size
37,142 SF Avg building size for sale
6.53% Average cap rate

Philadelphia's Demographic Profile

Philadelphia has 626,456 households and a median income of $54,633, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 1,536,683
# Households 626,456
Median age 37
Median household income $54,633
Avg household size 2.0
Renter-occupied housing units 330,225
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Philadelphia, PA

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Philadelphia $223 66,398 SF 9.30%
Pennsauken $228 48,759 SF 6.79%
Camden $223 6,728 SF 9.30%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Philadelphia $162 61,843 SF 11.31%
Pennsauken $231 93,991 SF 6.79%
Camden $240 102,287 SF 9.30%
Nearby Retail Markets Avg Cost/SF Typical Size
Philadelphia $303 12,602 SF
Pennsauken $351 11,154 SF
Camden $295 12,983 SF
Merchantville $119 10,083 SF
Bala Cynwyd $263 12,390 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Philadelphia $323 23,807 SF 19.68%
Camden $272 12,197 SF 7.30%
Bala Cynwyd $298 34,672 SF 7.15%

Commercial Properties For Sale in Philadelphia

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Snipes Building

Philadelphia, PA 19147

  • 33,000 SF Retail Building
  • 9.30% Cap Rate
  • $6,950,000
For Sale

The Bond Building

Philadelphia, PA 19120

  • 241,237 SF Industrial Building
  • Price Upon Request
For Sale

The Arsenal

Philadelphia, PA

  • Price Upon Request
For Sale

The Nylon Lofts

Philadelphia, PA 19125

  • 15,000 SF Multifamily
  • 6.08% Cap Rate
  • $4,095,000
For Sale

Spectacular turn-key creative office

Philadelphia, PA 19122

  • 28,514 SF Office Building
  • $6,250,000
For Sale

Philadelphia Portfolio

Philadelphia, PA

  • Retail Building
  • 7.00% Cap Rate
  • $5,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
Understanding Exit Cap Rates and Terminal Cap Rates for Better Investment Returns
Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Philadelphia pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Philadelphia $337 37,142 SF
Pennsauken $272 48,753 SF
Camden $272 30,487 SF
Merchantville $154 13,420 SF
Bala Cynwyd $267 19,374 SF

Multifamily Properties For Sale in Philadelphia

For Sale

The Nylon Lofts

Philadelphia, PA 19125

  • 15,000 SF Multifamily
  • 6.08% Cap Rate
  • $4,095,000
For Sale

Fieldview Apartments

Philadelphia, PA 19144

  • 41,430 SF Multifamily
  • $5,670,000
For Sale

Commercial Condo Unit#A

Philadelphia, PA 19123

  • 350,000 SF Multifamily
  • $350,000
For Sale

2026 AMBER

Philadelphia, PA 19125

  • 6,476 SF Multifamily
  • 7.50% Cap Rate
  • $1,600,000
For Sale

Portfolio of 3

Philadelphia, PA

  • 6.03% Cap Rate
  • $3,655,000
For Sale

521 N 34th St

Philadelphia, PA 19104

  • 23,383 SF Multifamily
  • 7.26% Cap Rate
  • $3,675,000
For Sale

809 Diamond St

Philadelphia, PA 19122

  • 9,088 SF Multifamily
  • 7.39% Cap Rate
  • $2,100,000
For Sale

2328-2344 N 2nd St

Philadelphia, PA 19133

  • 30,899 SF Multifamily
  • $11,999,999

Regional Demographic Comparison

This comparison places Philadelphia alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Philadelphia or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Philadelphia 1,536,683 626,456 37 $54,633 2 330,225 -3%
Pennsauken 36,044 12,953 40 $77,674 3 3,895 -1%
Camden 77,547 26,672 33 $33,545 3 18,046 2%
Merchantville 3,692 1,509 41 $83,678 2 621 -1%
Bala Cynwyd 12,620 5,262 43 $132,310 2 1,482 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Philadelphia, PA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Philadelphia

View All Commercial Real Estate For Sale in Philadelphia
Is Philadelphia a good market for a first-time commercial real estate investor?

Philadelphia offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Philadelphia?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Philadelphia. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Philadelphia?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Philadelphia. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Philadelphia compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Philadelphia. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Philadelphia acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Philadelphia, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports