Philadelphia Retail Real Estate Market Continues Growth in Fourth Quarter

research-information-graphic-phlNearly 34,000 square feet of Philadelphia retail real estate were added to the Philadelphia retail space market during the final quarter of 2014 as six Philadelphia retail properties came onto the market, according to the latest report from The CoStar Group.

The research company also looked at retail space in Philadelphia in the previous four quarters and noted that nearly 490,000 square feet of Philly retail space has been added to the current Philadelphia retail real estate listings. At the end of 2014, there were more than 760,000 square feet of retail space in Philly under construction.

Some of the notable 2014 Philadelphia retail space deliveries include: 3400 Hartzdale Dr, a 100,000-square-foot facility that delivered in second quarter 2014 and is now 100% occupied. The retail space in Philly at 4300 Broadway, a 68,000-square-foot building that delivered in third quarter 2014 also is 100% occupied.

Total retail space in Philadelphia amounted to 503,062,643 square feet in 41,601 buildings and 2,561 centers as of the end of the fourth quarter 2014, according to the CoStar report as provided by subscriber Jason Wolf, a Philadelphia retail real estate broker with the Philadelphia retail real estate brokerage firm Wolf Commercial Real Estate.

For more information about Philly retail space or any Philadelphia retail properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a premier Philadelphia retail real estate broker that specializes in retail space in Philadelphia.

Wolf Commercial Real Estate is a Philadelphia retail real estate brokerage firm that provides a full range of Philadelphia retail real estate listings and services, marketing retail offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia retail properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia retail real estate broker that specializes in Philadelphia retail real estate listings and services, provides unparalleled expertise in matching companies and individuals seeking retail space in Philly with the Philadelphia retail properties that best meets their needs.  As experts in Philadelphia retail real estate listings and services, the team at our Philadelphia retail real estate brokerage firm provides ongoing detailed information about Philadelphia retail properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly retail space for sale or lease, Wolf Commercial Real Estate is the Philadelphia retail real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia retail properties for lease or sale through our Philadelphia retail real estate brokerage firm.