Philadelphia, PA Commercial Real Estate for Lease and Sale

Explore 588 listings of Philadelphia commercial real estate to find the best space for your business.

1650 Arch Street

1650 Arch Street, Logan Square, Philadelphia, PA
Property

Office

587,791 SF
Availability

15 Spaces

232,221 SF
Year Built

1974
For Lease Contact for pricing
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1619 Walnut St

1619 Walnut St, Center City West, Philadelphia, PA
Property

Office
Availability

2 Spaces

10,200 SF
Year Built

1937
For Lease

$27.50 - $330.00/SF/YR
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3020 Market Street

3020 Market Street, University City, Philadelphia, PA
Property

Office

190,925 SF
Availability

4 Spaces

20,034 SF
Year Built

2008
For Lease Contact for pricing
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2031 East Lehigh Avenue

2031 East Lehigh Avenue, Kensington, Philadelphia, PA
Property

Retail

19,400 SF
Availability

2 Spaces

3,628 SF
For Lease

$18.10 - $20.46/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
New Market Complex

419 South 2nd Street, Society Hill, Philadelphia, PA
Property

Office

50,000 SF
Availability

2 Spaces

2,380 SF
Year Built

1986
For Lease

$10.00 - $24.00/SF/YR
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The Steele Building

15 South 11th Street, Market East, Philadelphia, PA
Property

Office

31,700 SF
Availability

1 Space

23,256 SF
Year Built

2017
For Lease

$33.00/SF/YR
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1515 Market Street

1515 Market Street, Center City West, Philadelphia, PA
Property

Office

502,236 SF
Availability

17 Spaces

103,851 SF
Year Built

1960
For Lease Contact for pricing
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1,000 SF | 1527 South Street | Retail Space for Lease

1527 South St, Rittenhouse Square, Philadelphia, PA
Property

Retail

2,720 SF
Availability

1 Space

1,000 SF
Year Built

1915
For Lease Contact for pricing
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1528 Walnut Street

1528 Walnut Street, Rittenhouse Square, Philadelphia, PA
Property

Office

206,303 SF
Availability

16 Spaces

27,423 SF
Year Built

1928
For Lease

$26.50/SF/YR
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4313 Tackawanna Street

4313 Tackawanna Street, Frankford, Philadelphia, PA
Property

Industrial

3,633 SF
For Sale

$475,000
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100 Independence

100 South Independence Mall West, Market East, Philadelphia, PA
Property

Office

415,479 SF
Availability

1 Space

46,575 SF
Year Built

1965
For Lease Contact for pricing
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67 West Queen Lane

67 West Queen Lane, Germantown, Philadelphia, PA
Property

Industrial

11,800 SF
For Sale

Subject To Offer
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BRI 1866 1515 Market, LP

1515 Market Street Suite 1040, Center City West, Philadelphia, PA
Property

Office

502,217 SF
Availability

29 Spaces

129,939 SF
For Lease Contact for pricing
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33 S 3rd St

33 S 3rd St, Old City, Philadelphia, PA
Property

Retail

4,716 SF
Availability

1 Space

1,080 SF
Year Built

1900
For Lease

$24.00/SF/YR
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550 - 1,700 SF | 7600 Stenton Ave | Retail/Office Spaces For Lease

7600 Stenton Ave, Chestnut Hill, Philadelphia, PA
Property

Office

306,805 SF
Availability

2 Spaces

2,250 SF
Year Built

1962
For Lease Contact for pricing
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3,600 SF | Commerce Square | Retail Space for Lease

2001-2005 Market Street, Center City West, Philadelphia, PA
Property

Retail

14,578 SF
Availability

1 Space

3,600 SF
For Lease Contact for pricing
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One Penn Center

1617 John F. Kennedy Blvd, Logan Square, Philadelphia, PA
Property

Office

650,000 SF
Availability

18 Spaces

114,616 SF
Year Built

1930
For Lease Contact for pricing
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Plaza 58.

5800-5820 Woodland Ave, Elmwood, Philadelphia, PA
Property

Retail

42,000 SF
Availability

1 Space

3,760 SF
Year Built

2008
For Lease

$22.00/SF/YR
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319 S 10th Street & 334 Lombard Street

319 S 10th Street & 334 Lombard Street, Society Hill, Philadelphia, PA
Property

Multi-Family
For Sale

$8,250,000
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575 Adams Ave

575 Adams Ave, Lawncrest, Philadelphia, PA
Property

Retail

32,000 SF
Availability Contact for availability
Year Built

2012
For Lease Contact for pricing
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1516 North 5th Street

1516 North 5th Street, Ludlow, Philadelphia, PA
Property

Unassigned

180,000 SF
Availability

9 Spaces

16,938 SF
Year Built

1950
For Lease

$19.00 - $21.00/SF/YR
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1624 Locust Street

1624 Locust Street, Rittenhouse Square, Philadelphia, PA
Property

Retail
Availability

2 Spaces

11,400 SF
For Lease Contact for pricing
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23-25 South 19th Street

23-25 South 19th Street, Center City West, Philadelphia, PA
Property

Multi-Family

5,816 SF
For Sale

$3,250,000
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One uCity Square

225 North 38th Street, University City, Philadelphia, PA
Property

Unassigned

389,000 SF
Availability

1 Space

15,836 SF
Year Built

2022
For Lease

$62.00 - $75.00/SF/YR
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5,000 SF | 1423 McFerran Street | Surface Lot for Lease

1423 McFerran Street, Tioga, Philadelphia, PA
Property

VacantLand
Availability

1 Space

5,000 SF
For Lease Contact for pricing
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Office Space in Ashton Business Center

9300 Ashton Road, Ashton - Woodenbridge, Philadelphia, PA
Property

Office
Availability

1 Space

10,550 SF
For Lease Contact for pricing
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Two Commerce Square

2001 Market Street, Center City West, Philadelphia, PA
Property

Office

953,276 SF
Availability

12 Spaces

124,853 SF
Year Built

1992
For Lease Contact for pricing
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3,000 SF | 1306 Callowhill St | New Construction Retail Space

1306 Callowhill St, Callowhill, Philadelphia, PA
Property

Retail

1,000,000 SF
Availability

1 Space

3,000 SF
For Lease Contact for pricing
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3,600 - 24,800 SF | South Philly Flex Space | National & Regional Co-Tenancy

38 Jackson St, Riverfront, Philadelphia, PA
Property

Industrial

76,620 SF
Availability

2 Spaces

28,400 SF
For Lease Contact for pricing
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3901 Main Street

3901 Main Street, Manayunk, Philadelphia, PA
Property

Office

103,000 SF
Availability

7 Spaces

19,464 SF
Year Built

1900
For Lease

$15.00 - $17.00/SF/YR
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1845 Walnut Street

1845 Walnut Street, Center City West, Philadelphia, PA
Property

Office

347,000 SF
Availability

15 Spaces

97,487 SF
Year Built

1969
For Lease

$34.00/SF/YR
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135 West Chelten Avenue

135 West Chelten Avenue, Germantown, Philadelphia, PA
Property

Retail

3,840 SF
Year Built

1950
For Sale

$649,000
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8015-8021 Frankford Avenue

8015 Frankford Avenue, Holmesburg, Philadelphia, PA
Property

Office

28,148 SF
Availability

2 Spaces

10,835 SF
Year Built

1992
For Lease

$23.00 - $25.00/SF/YR
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3,800 SF | 814 N 2nd St | Retail Space in Northern Liberties

814 N 2nd St, Northern Liberties, Philadelphia, PA
Property

Retail

42,000 SF
Availability

1 Space

3,800 SF
For Lease Contact for pricing
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7400 PALMETTO STREET

7400 Palmetto Street, Burholme, Philadelphia, PA
Property

Unassigned

2,369 SF
Year Built

1950
For Sale

$450,000
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6076-80 Ridge Ave

6076-80 Ridge Ave, Central Roxborough, Philadelphia, PA
Property

Retail

3,766 SF
Year Built

1900
For Sale

$1,550,000
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2602 Cottman Avenue

2602 Cottman Avenue, Castor Gardens, Philadelphia, PA
Property

Office

34,796 SF
Availability

1 Space

886 SF
For Lease

$30.00/SF/YR
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255 s 17th street philadelphia

255 s 17th street philadelphia, Rittenhouse Square, Philadelphia, PA
Property

Office

96,786 SF
Availability

9 Spaces

13,713 SF
Year Built

1931
For Lease

$26.00/SF/YR
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850 SF | 1607 South Street | Retail/Office Space for Lease

1607 South St, Rittenhouse Square, Philadelphia, PA
Property

Retail

2,154 SF
Availability

1 Space

850 SF
Year Built

1915
For Lease Contact for pricing
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1335 West Tabor Road

1335 West Tabor Road, Logan, Philadelphia, PA
Property

Office

33,948 SF
Availability

1 Space

3,000 SF
Year Built

1967
For Lease Contact for pricing
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Mixed Use & Retail/Restaurant Space Available

2216-2220 E Allegheny Avenue, Kensington, Philadelphia, PA
Property

Office

33,000 SF
Availability

1 Space

33,000 SF
For Lease Contact for pricing
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1725 S 25th St

1725 S 25th St, Point Breeze, Philadelphia, PA
Property

Retail

11,536 SF
Availability

1 Space

6,000 SF
Year Built

1925
For Lease

$12.00/SF/YR
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1604 Chestnut Street

1604 Chestnut Street, Center City West, Philadelphia, PA
Property

Retail
Availability

1 Space

2,629 SF
For Lease Contact for pricing
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2.0 University Place

30 North 41st Street, West Powelton, Philadelphia, PA
Property

Office

97,479 SF
Availability

1 Space

12,380 SF
Year Built

2013
For Lease

$38.50/SF/YR
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3624 Market Street

3624 Market Street, University City, Philadelphia, PA
Property

Office

209,500 SF
Availability

5 Spaces

57,892 SF
Year Built

1975
For Lease

$20.00 - $25.00/SF/YR
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1,500 SF | 1826 Frankford Ave | Newly Developed Retail/Office Space in Vanilla Box Condition For Lease

1826 Frankford Ave, Fishtown, Philadelphia, PA
Property

Retail

1 SF
Availability

1 Space

1,500 SF
For Lease Contact for pricing
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1,920 SF | Turn-Key Bar / Restaurant Building with Liquor License for Sale | 1026 Wolf Street

1026 Wolf St, Lower Moyamensing, Philadelphia, PA
Property

Retail

1,920 SF
Year Built

1925
For Sale

Call: 215-300-9688
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Budd Bioworks | A New Strategic Hub for Bio

2450 W Hunting Park Ave, Allegheny West, Philadelphia, PA
Property

Other
Availability

1 Space

470,976 SF
For Lease Contact for pricing
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5400 Paschall Avenue

5400 Paschall Avenue, Kingsessing, Philadelphia, PA
Property

Industrial

19,609 SF
For Sale

$1,695,000
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2323-27 Ridge Ave

2323-27 Ridge Ave, North Central Philadelphia, Philadelphia, PA
Property

Other

2,649 SF
Year Built

2006
For Sale

$1,600,000
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123 South Broad Street

123 South Broad Street, Washington Square West, Philadelphia, PA
Property

Office

744,708 SF
Availability

1 Space

1,957 SF
Year Built

1927
For Lease Contact for pricing
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1600 Market Street

1600 Market Street, Center City West, Philadelphia, PA
Property

Office

825,968 SF
Availability

20 Spaces

158,069 SF
Year Built

1982
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Philadelphia commercial real estate market incorporates 45,303,097 square feet of office space across 167 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Philadelphia, the coworking segment of the commercial real estate market incorporates about 1,246 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Philadelphia commercial real estate market includes 13,665,755 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Philadelphia market, there is a total of 11,965,406 square feet of industrial property.

The listing inventory in Philadelphia incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Philadelphia is represented by Retail space, which accounts for 693,885,359 square feet of available listings. Industrial space available in Philadelphia adds up to 656,144,976 square feet.

Meanwhile, most of the listings of commercial property for sale in Philadelphia are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Philadelphia is $28.01 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Philadelphia can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $38.14 per square foot, industrial space in Philadelphia saw average rents of $10.62 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Philadelphia, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Philadelphia is in the Center City West neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Center City West area.

Meanwhile, retail space opportunities are most abundant in the Center City West submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Frankford Valley.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $60 per square foot. In particular, the property type commanding the highest lease rates in Philadelphia was Retail space.

Conversely, the highest sale price last year was $44,150,000 that is located at 3615 Chestnut Street.

The average size of a commercial property in Philadelphia depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Philadelphia, the average size of an office property is 319,036 square feet.
Retail properties here incorporate an average of 80,387 square feet.
Industrial space in Philadelphia is in buildings that are, on average 124,640 square feet in size.

Philadelphia, PA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Philadelphia currently add up to 1,508,804,244 square feet. The market offers 155 active office listing(s), which amount to 156,877,295 square feet and account for 34% of commercial spaces on the market. Local retail availability includes 693,826,266 square feet across 200 retail space(s). Industrial space for rent opportunities in Philadelphia amount to 656,144,776 square feet across a total of 78 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	155	156,877,295
Retail	200	693,826,266
Industrial	78	656,144,776
Other	17	1,955,907

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Philadelphia, PA. Currently, there is 2,063,523 square feet of commercial property for sale here , which includes 16 office building(s) for sale , 28 retail investment opportunity listing(s) , and 29 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	16	418,346
Retail	28	217,424
Industrial	29	742,644
Other	35	685,109

Philadelphia, PA Commercial Real Estate Market Overview

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 Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Philadelphia, PA?

What factors affect the price of commercial real estate in Philadelphia, PA?

What is the average rent for commercial space in Philadelphia, PA?

What are the best areas for commercial real estate in Philadelphia, PA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Philadelphia, PA?

Philadelphia, PA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Philadelphia, PA Commercial Real Estate Market Overview

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