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1,601 Commercial Real Estate Listings in Philadelphia, PA

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Philadelphia, PA Commercial Real Estate

There are currently 1,589 commercial listings available in Philadelphia, PA. These listings include 877 commercial spaces that encompass a total of 14,427,745 square feet. Available commercial spaces in Philadelphia, PA range in size from 0 square feet to 750,000 square feet. A total of 965 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 2021 the Philadelphia, PA commercial real estate market totaled 82,426,573 square feet of office spaces, 14,823,901 square feet of office spaces with retail, and 78,986,711 square feet of industrial space.

Office Spaces

Total: 82,426,573 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 6,323,204 SqFt 7.67% of total office
100k to 500k SqFt 26,698,080 SqFt 32.39% of total office
500k to 1M SqFt 34,781,727 SqFt 42.2% of total office
> 1M SqFt 14,623,562 SqFt 17.74% of total office
By class:
Class A+ 15,418,232 SqFt 18.71% of total office
Class A 33,264,581 SqFt 40.36% of total office
Class B 23,404,119 SqFt 28.39% of total office
Class C 2,038,386 SqFt 2.47% of total office
Roughly 42.2% 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 7.67% of the office inventory.

Class A office space holds a 40.36% share of the overall Philadelphia, PA office market, while Class B office assets make up approximately 28.39%.

Industrial

Total: 78,986,711 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 13,394,800 SqFt 16.96% of total industrial
100k to 500k SqFt 39,338,398 SqFt 49.8% of total industrial
500k to 1M SqFt 6,120,863 SqFt 7.75% of total industrial
> 1M SqFt 20,132,650 SqFt 25.49% of total industrial
By class:
Class A 9,412,844 SqFt 11.92% of total industrial
Class B 25,131,062 SqFt 31.82% of total industrial
Class C 24,888,334 SqFt 31.51% of total industrial
There are 39,338,398 square feet of commercial real estate properties between 100k to 500k square feet, representing 49.8% of the Philadelphia, PA industrial inventory. Class A assets total 9,412,844 square feet of industrial space, with an additional 25,131,062 square feet of Class B and 24,888,334 square feet of Class C properties.

Office Spaces with Retail

Total: 14,823,901 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 3,978,766 SqFt 26.84% of total office with retail
100k to 500k SqFt 8,143,442 SqFt 54.93% of total office with retail
500k to 1M SqFt 1,098,693 SqFt 7.41% of total office with retail
> 1M SqFt 1,603,000 SqFt 10.81% of total office with retail

Philadelphia, PA Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total Sqft
Philadelphia, PA Office 246 9,634,949
Philadelphia, PA Retail 190 1,068,973
Philadelphia, PA Industrial 103 3,074,606
Philadelphia, PA Other 724 14,543,835
Ofice Icon

246

Office

Industrial Icon

103

Industrial

Retail Icon

190

Retail

Current local active listing encompass 28,322,363 square feet of commercial space for lease in Philadelphia. There are 246 active office listings, which amount to 9,634,949 square feet and account for 19% of commercial spaces on the market. Local retail availability includes 1,068,973 square feet across 190 listings. Current industrial offerings on the market amount to 3,074,606 square feet across a total of 103.

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 2020, 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

52%

Under $50k

27%

$50k - $100k

16%

$100k - $200k

6%

Over $200k

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

48.80%

Driving alone

7.90%

Carpool

25.50%

Public transit

2.10%

Bicycle

8.50%

Walking

2.10%

Other

5.10%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Philadelphia in 2019 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

14%

No degree

32%

High school

22%

Some College

18%

Bachelor's

13%

Post-grad

*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 2019, 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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