Philadelphia, PA Retail Space for Lease

Search 205 retail listings in Philadelphia, PA and find helpful local stats in the Market Overview section below.

The Cottman & Bustleton Center

Cottman Avenue & Bustleton Ave., Castor Gardens, Philadelphia, PA
Property

Retail

91,256 SF
Availability Contact for availability

For Lease Contact for pricing
View Details (opens in new window)
5272 Torresdale Ave

5272 Torresdale Ave, Frankford, Philadelphia, PA
Property

Retail

8,557 SF
Availability

1 Space

8,557 SF
Year Built

1980
For Lease Contact for pricing
View Details (opens in new window)
3975-3981 Kensington Ave

3975-3981 Kensington Ave, Kensington, Philadelphia, PA
Property

Retail

2,624 SF
Availability

1 Space

2,624 SF
For Lease Contact for pricing
View Details (opens in new window)
Ivyridge Shopping Center

7124 Ridge Avenue, Upper Roxborough, Philadelphia, PA
Property

Retail

107,318 SF
Availability

1 Space

1,600 SF
Year Built

1970
For Lease Contact for pricing
View Details (opens in new window)
Hope Plaza

2101 West Lehigh Avenue, Allegheny West, Philadelphia, PA
Property

Retail

59,894 SF
Availability

2 Spaces

10,500 SF
Year Built

1950
For Lease Contact for pricing
View Details (opens in new window)

Retail Space Rents in Philadelphia, PA

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Philadelphia asks $27.1 per square foot.

Retail Space Lease Types in Philadelphia, PA

The most common type of lease agreement you’ll find here is NNN, with 52 space(s) available under this type of arrangement. The local market is also home to 8 retail space(s) offered under a Full Service lease agreement type, and 4 Modified Gross listing(s).

Most Common Type of Lease for Retail Buildings in Philadelphia, PA

NNN 52
Full Service 8
Modified Gross 4

Average Size of Retail Space for Lease in Philadelphia, PA

The average size for this type of rental opportunity in Philadelphia is 1,000 sqft to 2,500 sqft. Currently, the local market offers 101 listing(s) within that size range. You can also search 100 listing(s) in the more than 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Philadelphia, PA

Retail space in Philadelphia comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Street Retail and you can find 41 such space(s) available.  

Street Retail spaces listed for rent here have an average size of 3,495 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.

The local market is also home to 17 space(s) listed as Power Center. The average size you can expect to find for this category is 8,702 square feet. Power centers bring together large anchor tenants as well as smaller retail spaces for other businesses that want a piece of the great foot traffic that this type of shopping center can generate.

What’s more, you can find 6 listing(s) in the Restaurant category, currently available in the average size of 5,581 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

Number of Retail Spaces for Lease in Philadelphia, PA, by Use Type

Street Retail

Power Center

Restaurant

Regional Mall

Interior Retail

Average Retail Listing Size in Philadelphia, PA, by Use Type

Street Retail

3,495 sq. ft.

Power Center

8,702 sq. ft.

Restaurant

5,581 sq. ft.

Regional Mall

68,280 sq. ft.

Interior Retail

4,322 sq. ft.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Top Locations to Lease Retail Space in Philadelphia, PA

In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.

Center City West is your top choice for lease opportunities, as it is currently home to the highest number of listings — 35 retail space(s). The most popular space type here is Street Retail. You can find 11 such listing(s) here.

Philadelphia’s second most popular area is Girard Estates, where you can find 26 retail listing(s). The most likely type of space you can rent here is Power Center. If this is the kind of property you are looking for, you will find 7 listing(s) available here.

Old City is also among the best areas to search for your next commercial space. Here you can find 22 retail space(s) available for consideration by prospective tenants, of which 5 are Street Retail.

Top Locations to Lease Retail Space in Philadelphia, PA

Center City West

Girard Estates

Old City

Northern Liberties

Rittenhouse Square

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

Data based on retail spaces listed for rent on CommercialSearch.com

Recent Retail Market News

Empire Realty Sells Philly Shopping Center

This grocery-anchored property previously traded in 1989.

KPR Centers Pays $42M for Philadelphia-Area Mall

The property features nearly 40 retailers and restaurants.

Nuveen Buys Philly-Area Shopping Center

MetLife had acquired the property in 2017 for $57 million.

Simon Doubles Down on Experiential Retail

The mall giant is expanding its offering at flagship locations.

Blenheim Group Kicks Off Philly-Area Mixed-Use Project

This development is the final phase of a 1,500-acre master-planned community.

About Us

CommercialSearch collaborates with highly respected major brokerages nationwide to provide frequently updated high-quality listings. Find all commercial property types on our marketplace, from office, coworking, retail, and industrial to special purpose properties.

CommercialSearch is a trusted Yardi listing service and an essential element of the fast-growing CommercialEdge network, which ranks on the 1st page of Google for all top markets across its multiple platforms, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts yearly.

Philadelphia, PA Retail Space for Lease

The Cottman & Bustleton Center

5272 Torresdale Ave

3975-3981 Kensington Ave

Ivyridge Shopping Center

Hope Plaza

Retail Space Rents in Philadelphia, PA

Retail Space Lease Types in Philadelphia, PA

Most Common Type of Lease for Retail Buildings in Philadelphia, PA

Average Size of Retail Space for Lease in Philadelphia, PA

Retail Space Types You Can Lease in Philadelphia, PA

Number of Retail Spaces for Lease in Philadelphia, PA, by Use Type

Average Retail Listing Size in Philadelphia, PA, by Use Type

Top Locations to Lease Retail Space in Philadelphia, PA

Top Locations to Lease Retail Space in Philadelphia, PA

Key Factors to Consider When Choosing a Retail Space for Lease

Other Popular Searches

Popular Commercial Searches

Recent Retail Market News

Empire Realty Sells Philly Shopping Center

KPR Centers Pays $42M for Philadelphia-Area Mall

Nuveen Buys Philly-Area Shopping Center

Simon Doubles Down on Experiential Retail

Blenheim Group Kicks Off Philly-Area Mixed-Use Project

About Us

Resources