Philadelphia’s retail market showed signs of weakening as it approached 2025, with annual net absorption—reflecting the net change in occupied retail space—falling well below historical averages. However, despite this slowdown, the market remains relatively tight, particularly in the suburbs.
Retail locations in Center City continue to face challenges due to reduced office occupancy, yet limited new construction and fewer demolitions of older retail properties have helped maintain stability.
Here’s what CoStar market analytics is hearing from local industry experts about Philadelphia’s retail landscape in early 2025.
For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.
Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.
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