The Philadelphia Commercial Real Estate Market

Philadelphia, the City of Brotherly Love, stands proud as one of the nation’s most popular commercial real estate hubs for investment and leasing.

Pennsylvania’s largest metropolitan area serves as one of the oldest cities in the United States. In recent years, the city has experienced a swell of development and repurposing projects, attracting investors and potential tenants alike. Crexi connects individuals seeking Philadelphia commercial real estate with thousands of properties and the tools they need to analyze and transact investments.

Philadelphia brokers and agents nationwide representing Philadelphia properties can harness Crexi’s platform and suite of sale and leasing tools to build their network and complete more deals. As of this writing, Crexi’s CRE tools have helped brokers facilitate more than $300 billion in commercial property transactions and represented over $1.2 trillion in listings.

Crexi is proud to serve Philadelphia, Bensalem, Levittown, Langhorne, Fairless Hills, and the surrounding communities as the area’s fastest-growing online CRE platform.

Speaking on regional trends, President and Broker of Record at the Philly-based Mosaic Brokerage Group Alicia Magill reports, “Geographic submarkets on the rise are Port Richmond, South Philadelphia, Navy Yard, and South of Navy Yard — Anything along water-front areas that can be accessible to the outdoor living and entertainment.”

The Greater Philadelphia region is home to three major interstates, the New Jersey and Pennsylvania Turnpikes, the Port of Philadelphia, six international airports, and the second-largest shipping hub for UPS. Sixty percent of the U.S and Canadian population is within a two-hour flight of Philly, while nearly 40% of the U.S. population is within a one-day drive.

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https://www.crexi.com/insights/the-philadelphia-commercial-real-estate-market