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1,578 Commercial Real Estate Listings in Philadelphia, PA

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Philadelphia, PA Commercial Real Estate

There are currently 1,532 commercial listings available in Philadelphia, PA. These listings include 813 commercial spaces that encompass a total of 12,638,019 square feet. Available commercial spaces in Philadelphia, PA range in size from 0 square feet to 750,000 square feet. A total of 1,046 off-market commercial properties located in Philadelphia, PA are also available for research.

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Philadelphia, PA Commercial Real Estate Market Overview

Location Photo

Philadelphia is one of the most historic cities in the country, as well as one of the oldest. As such, it’s home to a lot of firsts for the United States, including the first library, hospital, national capital and business school. The city is also incredibly diverse, with more sculptures and murals than any other city in America.

While tourism and trade have been cornerstones for commerce in the city, Philadelphia is also an emerging tech, biotech and life sciences hub. And with high-quality universities in the area, the environment is rife with start-ups and a budding venture capital hub.

Philadelphia, PA Commercial Inventory Breakdown

In 2023 the Philadelphia, PA commercial real estate market totaled 89,850,686 square feet of office spaces, 17,542,955 square feet of office spaces with retail, and 78,249,312 square feet of industrial space.

Office Spaces

Total: 89,850,686 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
Range Total square feet Share of total
50k to 100k SqFt 7,093,714 SqFt 7.9% of total office
100k to 500k SqFt 30,157,483 SqFt 33.56% of total office
500k to 1M SqFt 34,455,927 SqFt 38.35% of total office
> 1M SqFt 18,143,562 SqFt 20.19% of total office
By class:
Class Total square feet Share of total
Class A+ 15,937,879 SqFt 17.74% of total office
Class A 33,835,632 SqFt 37.66% of total office
Class B 23,989,295 SqFt 26.7% of total office
Class C 2,505,406 SqFt 2.79% of total office
Roughly 38.35% of the total office space in Philadelphia, PA is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 7.9% of the office inventory.

Class A office space holds a 37.66% share of the overall Philadelphia, PA office market, while Class B office assets make up approximately 26.7%.

Industrial

Total: 78,249,312 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
Range Total square feet Share of total
50k to 100k SqFt 13,349,143 SqFt 17.06% of total industrial
100k to 500k SqFt 44,740,418 SqFt 57.18% of total industrial
500k to 1M SqFt 11,083,961 SqFt 14.16% of total industrial
> 1M SqFt 9,075,790 SqFt 11.6% of total industrial
By class:
Class Total square feet Share of total
Class A 12,161,311 SqFt 15.54% of total industrial
Class B 25,473,301 SqFt 32.55% of total industrial
Class C 24,413,950 SqFt 31.2% of total industrial
There are 44,740,418 square feet of commercial real estate properties between 100k to 500k square feet, representing 57.18% of the Philadelphia, PA industrial inventory. Class A assets total 12,161,311 square feet of industrial space, with an additional 25,473,301 square feet of Class B and 24,413,950 square feet of Class C properties.

Office Spaces with Retail

Total: 17,542,955 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
Range Total square feet Share of total
50k to 100k SqFt 4,359,502 SqFt 24.85% of total office with retail
100k to 500k SqFt 9,681,760 SqFt 55.19% of total office with retail
500k to 1M SqFt 1,898,693 SqFt 10.82% of total office with retail
> 1M SqFt 1,603,000 SqFt 9.14% of total office with retail

Philadelphia, PA Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Philadelphia, PA Office 135 5,058,085
Philadelphia, PA Retail 195 1,528,405
Philadelphia, PA Industrial 82 3,296,865
Philadelphia, PA Other 587 10,998,194
Ofice Icon

135

Office

Industrial Icon

82

Industrial

Retail Icon

195

Retail

Current local active listing encompass 20,881,549 square feet of commercial space for lease in Philadelphia. There are 135 active office listings, which amount to 5,058,085 square feet and account for 13% of commercial spaces on the market. Local retail availability includes 1,528,405 square feet across 195 listings. Current industrial offerings on the market amount to 3,296,865 square feet across a total of 82.

Employment in Philadelphia, PA

Employed Population 724,956

Employed population - Industry % Distribution

Management, business, science, and arts occupations
40%
Service occupations
23%
Sales and office occupations
20%
Production, transportation, and material moving occupations
11%
Natural resources, construction, and maintenance occupations
6%

In 2021, roughly 40% of a total of 724,956 employed in Philadelphia worked in Management, business, science, and arts occupations, followed by 23% in Service occupations and 20% in Sales and office occupations.

Income per capita $29,766  Median household income $47,474

Household income

Under $50k
52%
$50k - $100k
27%
$100k - $200k
16%
Over $200k
6%

The median household income in Philadelphia stands at $47,474, with per capita income at $29,766. Households earning between $50k and $100k represent 27% of the total, while those earning over $200k make up 6%. Approximately 52% of Philadelphia households earn less than $50k per year.

Commuting in Philadelphia, PA

Mean travel time to work 34 minutes

Means of transportation to work

DroveAlone
48.80%
Carpool
7.90%
Public transit
25.50%
Bicycle
2.10%
Walking
8.50%
Work at Home
2.10%
Other
5.10%

*Universe: Workers 16 and over

The mean travel time to work in Philadelphia in 2021 was 34 minutes. Around 48.80% of workers commute by Driving alone, 25.50% Public transit and 8.50% by Walking.

Education in Philadelphia, PA

High school grad or higher 86%

Bachelor's degree or higher 31%

Population by minimum level of education

No degree
14%
High school
32%
Some College
22%
Bachelor's
18%
Post-grad
13%

*Universe: Workers 25 and over

An estimated 86% of Philadelphia residents aged 25 or over hold a high school degree or higher. Of those, 32% are high school graduates, 22% attended some college, 18% earned a bachelor's degree, with an additional 13% holding post-graduate degrees.

Philadelphia, PA Demographics

As of 2021, Philadelphia had a total population of 1,584,064, with a median age of 34.70 years. Roughly 67.70% of the total population was between the ages of 16 and 64 years old.

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