Philadelphia Retail Space for Rent
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Renting Retail Space in Philadelphia
Retail and storefront spaces in Philadelphia play a crucial role in the city’s commercial landscape, supporting both local businesses and national brands. Lease terms for retail and storefront spaces in Philadelphia generally favor longer commitments, with 3-5 year leases making up 33.43%. Medium-term leases (1-2 years) make up 20.32%, while long-term leases of 5+ years account for 20.62%. Short-term leases of less than one year make up 4.86%, indicating that some businesses are cautiously testing new locations before committing long term. High-traffic areas like Rittenhouse Square and Old City are popular for retail operations, as they offer a mix of local consumer engagement and tourist traffic. As the city’s residential and tourism sectors grow, retail spaces that blend convenience and experiential elements will remain highly sought after.
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Suite Rates in Philadelphia
Suite Sizes in Philadelphia
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
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*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.