What Retail Space Rent & Type to Expect in Philadelphia, PA
In Philadelphia, the average cost per square foot of renting retail space comes up to $24.83, based on local retail spaces listed for lease on our website. This price can be influenced by several factors, such as location, retail space type, space size, and the structure or type of the lease.
The most popular lease type in Philadelphia is NNN, with 68 space(s) available for rent under such an agreement.
You can also find 10 option(s) available with Full Service lease agreements, and 3 Modified Gross listing(s).
Most Common Type of Lease for Retail Listings in Philadelphia, PA
- NNN
68
- Full Service
10
- Modified Gross
3
Data based on retail spaces listed for rent on PropertyShark.com.
Learn More About Retail Space Listings in Philadelphia, PA
There is a total of 2,114,224 square feet of retail space in Philadelphia.
This includes retail spaces ranging from 1 to 94,504 square feet.
Most retail spaces in Philadelphia are sized 1,000 sqft to 2,500 sqft, with 134 retail listing(s) falling in this category.
Philadelphia is also home to 123 listing(s) in the more than 5,000 sqft size range.
Retail Size Bucket
No. of Listings
more than 5,000 sqft
123
2,500 sqft to 5,000 sqft
89
1,000 sqft to 2,500 sqft
134
less than 1,000 sqft
42
Most retail spaces in Philadelphia fall within the Street Retail category, of which you can find 93 space(s) listed locally.
On average, this type of commercial space offers 4,780 square feet.
A favorite of boutique shoppers worldwide, street retail properties offer businesses great access to urban and suburban customer bases. Generally being smaller in size, these retail spaces can be a great choice for some categories of retail businesses.
Philadelphia also hosts 25 Restaurant space(s), which have an average square footage of 2,343 square feet.
Restaurant retail space offers tenants all the amenities that such an establishment might need to prepare and serve food on the premises. That usually includes a seating area, separate kitchen and storage.
The third most popular type of retail space in the Philadelphia market is Power Center, of which you’ll see 19 listing(s).
Power Center spaces span 8,924 square feet on average.
Power centers include at least one big box anchor tenant, in addition to smaller additional retail spaces for rent that can give other businesses great exposure.
Philadelphia, PA Retail for Lease Listings by Retail Use Type
- Street Retail
93
- Restaurant
25
- Power Center
19
- Freestanding
3
- Retail (Other)
2
Data based on retail spaces listed for rent on PropertyShark.com.
Where You Are Most Likely to Find Retail Space in Philadelphia, PA
Some neighborhoods become famed shopping destinations thanks to their long retail history. Other times, an area’s potential for shoppers is boosted by the opening of a large shopping mall, attracting more retail development to take advantage of the influx of shoppers.
Center City West is Philadelphia's most popular neighborhood for retail, currently home to 44 listing(s).
The most popular retail space type in Center City West is Street Retail, of which you can currently find 27 listing(s).
Another popular area for retail space in Philadelphia is Old City, which currently offers 34 retail listing(s).
In the Old City neighborhood, the most common subtype of retail is Street Retail. You can find 9 Street Retail listing(s) here.
Northern Liberties can also be counted among the best areas of Philadelphia for retail leasing opportunities. This Northern Liberties submarket currently offers 20 retail listing(s).
Center City West
44
Old City
34
Northern Liberties
20
Market East
16
West Poplar
14
4160 Monument Road, Wynnefield Heights, Philadelphia, PASpace Type
2 of 3
3 of 3
115 North 3rd Street, Old City, Philadelphia, PASpace Type