Philly Retail Space

Philly Retail SpaceWolf Commercial Real Estate is a premier Philadelphia commercial real estate broker that represents Philly retail space for lease and sale.

We are experts in the Philadelphia retail space market, with a team of seasoned and knowledgeable real estate advisors ready to help you achieve your real estate goals. At Wolf Commercial Real Estate, we go well beyond simply handling property transactions. As an unparalleled Philadelphia commercial real estate broker, we are a strategic partner whose number-one priority is our client’s long-term growth and success in the Philadelphia retail space market.

Retail businesses looking to buy or lease retail space in Philly can be assured that the professionals at our Philadelphia commercial real estate brokerage firm have the expertise to help you find the Philly retail space that best suits your needs. At Wolf Commercial Real Estate, we make certain that the sale or lease terms for your new Philadelphia retail space work to advance your commercial real estate goals. We’re the Philadelphia commercial real estate broker that is with you from the beginning of the transaction to the end, making the transition to your new retail space in Philly smooth and seamless.

Do You Own Philly Retail Space?

Retail property owners looking to sell or lease retail space in Philadelphia will appreciate the defined marketing strategy that the team at our Philadelphia commercial real estate brokerage firm creates and customizes for each property and sub-market. This process works to effectively and efficiently match buyers and tenants with retail space in Philly.

Retail space in Philadelphia is aggressively priced, and market trends show that the retail business in the region is poised for a massive rebound. For more information, please contact the team at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm.

View Our Philly Retail Space Listings

Is Your Company Growing or Downsizing?

 

How to Find the Best Property for Your Business.

Here are five key decision factors to consider when searching for your business’s first or next office location.

1. Identify the Needs of Your Employees

Think about how many jobs you, your friends, colleagues and family members haven’t applied for due to office location? Completing a zip code analysis of employee homes is one key to identifying the right location that best suits a company and overall employee performance and moral.

Companies should consider properties that are accessible by public transportation with stops conveniently located nearby and also accessible by major highways. Adequate parking is also a concern for employees, too! Consider the surrounding area and local amenities. Are there places to eat, shop, bank, hotels (for clients, if needed), etc.

2. Become Familiar With the Traffic Patterns in the Area

Rush hour traffic is also a big concern for employees. Are there schools nearby that will cause congestion? Are employees required to be in right at 8-9AM? A highly-congested area may not be in your best interest. Be sure to ask the right questions and conduct your own analysis of the area to ensure the location will suit the needs of your business and commute.

3. Consider Your Customers

Just as we are thinking about your e

mployees, think about your clients. Do your clients visit on a regular basis? Do they have amenity needs? The last thing you want is to inconvenience them with your new location. See if the area is up and coming. Is there potential for the business to grow or is it over saturated by your competitors?

4. Understanding Your Space Plan Program and Interior Layout Needs

Efficiency is key. In today’s world of technology and collaboration, making sure your office design and layout is critical for productivity, moral and overall company performance. Have you discussed your interior plan with a space designer or architect?

5. Know Your Financial Bottom Line

Has your company set up a financial budget? Understanding your real estate annual expenses and budget is also one of the most important factors in your real estate planning. Are you up to date on current market conditions and pricing? Have you reviewed your operating expenses and looked for ways to improve your overall bottom line? Have you educated yourself on competing properties and comparable pricing?

It is vital to consider these points when analyzing a new location for your business.

Our team at WCRE is here to help with your next lease or purchase requirement and answer any market questions you may have.

Visit us @ www.WolfCRE.com to learn more about our services.

 

Papa John’s Financial Woes Could Help Boost Landlord Profits

Nationally ostracized Papa John’s has become such a commercial real estate pariah that it seems landlords wouldn’t mind losing the pizza chain as the company faces the prospect of closing 250 restaurants across the country.

Landlords across the U.S. commercial real estate market, including Philly retail space, are concerned the chain’s highly publicized missteps by its former chief executive, who received swift criticism after using a racial slur on a recent conference call, could dissuade shoppers and they may hope the chain shuts stores, an industry spokesperson said recently.

“There’s a need for that size of space in the market and there’s not that much of it,” the spokesperson explained. “They (landlords) may be able to get higher rents from other tenants.”

This report on U.S. and Philadelphia commercial properties from the CoStar Group research organization is being made through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm.

Papa John’s, the country’s third-largest pizza chain in the national and Philadelphia commercial real estate markets, has suffered public blows the past year. Founder and former Chairman and Chief Executive John Schnatter — who still owns about 30 percent of the company — this summer used a racial slur to describe African Americans on a conference call. Last fall, he blamed NFL leadership for allowing players to kneel during the National Anthem and complained the controversy was hurting the chain’s sales. At the time, Papa John’s was an NFL sponsor. It has since been replaced by Pizza Hut.

In a recent earnings call, Papa John’s Chief Executive Steve Ritchie said the chain was struggling and may be forced to close some locations.

“We’re going to evaluate all the options as they’re presented to us, if there is some sort of increase in closures that exist here because of the declines in the sales,” he said.

A Papa John’s spokeswoman declined to comment.

If the chain does close stores in its holdings of national and Philadelphia commercial real estate properties, a new commercial real estate report offers clues as to which businesses might replace them. The report said non-retail and non-restaurant space in shopping centers increased to 23.1 percent this year from 19.2 percent in 2012. Forty-four percent of shoppers say they prefer to visit shopping centers that have a wide variety of non-retail tenants.

“The growing focus on experience has led to a rising share in non-retail tenants, including food and beverage, salons, movie theaters, fitness centers and medical clinics,” the report said.

Most Papa John’s stores among its various U.S. and Philadelphia commercial real estate listings are in shopping and strip centers, and industry observers believe two popular concepts — Mediterranean or taco restaurants — could backfill the space and drive traffic.

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

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

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly office space, Philly retail space or Philly industrial space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly office space, Philly retail space or Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial 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 commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Retail Incubator Firms Help to Fill Space in Vacant Malls

Mall operators are taking a page from the playbook of their office counterparts and setting up retail incubators in some of the space left vacant by departed department and apparel store retailers.

Offering retail and technology startups a shared space to test their concepts in the U.S. commercial real estate market, including Philly retail space, before live shoppers, the new retail incubators also provide mall operators with an opportunity to find tenants with the potential for growth – and a diverse variety of new retailers giving shoppers a new reason to visit the mall.

This report on U.S. and Philadelphia commercial properties is being made through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm focusing on Philly retail properties.

This November, several small, startup retail and e-commerce companies dealing in national and Philadelphia commercial real estate markets plan to occupy 11,000 square feet of vacant space in a retail incubation arena at New Jersey’s Cherry Hill Mall near anchor tenant Nordstrom.

Earlier this year, a 15,000-square-foot innovation center known as “Cowork at the Mall” opened in one of the many vacant national and Philadelphia commercial real estate properties, this one at a former Sports Authority store in Chicago’s Water Tower Place.

In addition, one of the nation’s largest mall operators is in the early stages of developing a retail incubation program for several of its properties among its U.S. and Philadelphia commercial real estate listings.

Beyond just space, incubators dealing in the U.S. commercial real estate market – including Philly retail space – are offering fledgling new retailers additional access to experienced operators, coaching, and networking opportunities to help them get their companies off the ground.

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

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

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly office space, Philly retail space or Philly industrial space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly office space, Philly retail space or Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial 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 commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Shopping Center Demand Falls to Six-Year Low

Demand for mall and shopping center space by retailers fell to its lowest level in six years in the first quarter of 2018 as retailers continued to focus on their top-performing locations and shed marginal stores, with announced store closures totaling nearly 100 million square feet so far this year alone.

The balancing act was reflected in the first quarter 2018 retail vacancy rate for the U.S. commercial real estate market, including Philly retail space, which at 4.6 percent was unchanged from the fourth quarter of 2017 and just a tenth of a percentage point lower than a year ago.

Net absorption of U.S. retail space fell to 11 million square feet in national and Philadelphia commercial real estate markets, the lowest quarter for mall and shopping center demand since 2012, according to data presented in CoStar’s First-Quarter 2018 State of the U.S. Retail Market report.

This report on U.S. and Philadelphia commercial properties is being made through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm focusing on Philly retail properties.

“As the national retail vacancy rate has begun to flatten, the pace of the recovery has slowed. In fact, we can call an end to the recovery,” said Ryan McCullough, senior managing consultant for CoStar Portfolio Strategy, who co-presented the report with Director of Research Suzanne Mulvee.

While retailer demand for store space has slowed among national and Philadelphia commercial real estate properties, it has not stopped, contrary to perceptions in the broader market fueled by headlines of closures and bankruptcies of big-box tenants like Kmart and Toys R Us.

Expansions by restaurants, grocery stores and other food-focused retail tenants, as well as health-care and other service providers and smaller local shopping center tenants dealing in U.S. and Philadelphia commercial real estate listings, continues to drive leasing and net demand growth for the retail sector, McCullough said.

The U.S. commercial real estate market – including Philly retail space – is performing differently in different parts of the country. In recovering housing markets and other high-growth Sunbelt metros, retail vacancy has continued to decline and post strong leasing momentum.

Meanwhile, demand has softened in core coastal markets among national and Philadelphia commercial real estate listings with high quality, new space becoming tougher to find, McCullough said.

“The most damaged markets are healing the fastest, with demand growth growing fastest in higher vacancy markets and markets with the healthiest fundamentals seeing the least expansion,” McCullough added.

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

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

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly office space, Philly retail space or Philly industrial space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly office space, Philly retail space or Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial 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 commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Highly Visible Philly Retail Space for Sale or Lease in Montgomeryville

Wolf Commercial Real Estate, a leading Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, now has available highly visible Philly retail space for sale or lease at 735 Bethlehem Pike Montgomeryville PA.

This well-located retail space in Philly contains 3,234 square feet of retail space for sale in Philly in the conveniently located community of Montgomeryville.

The lease price for this retail space in Philly at 735 Bethlehem Pike Montgomeryville PA is negotiable. For information on the sale price for this retail space in Philly, please contact Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services.

Situated at the five-point intersection of routes 202, 309, and 463, this Philly retail space for sale or lease at 735 Bethlehem Pike Montgomeryville PA is ideal for a variety of professional or retail uses. This retail space for sale in Philly is close by Wawa, Dunkin’ Donuts, Outback Steakhouse, Red Lobster, and Ruby Tuesday. This retail space in Philly also is a free-standing building.

This Philly retail space for lease or sale is available for immediate occupancy through Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services.

There are strong demographics within the immediate area of this Philly retail space for sale or lease with the average annual household income within a five-mile radius of this Philly retail space for lease or sale at 735 Bethlehem Pike Montgomeryville PA being reported as $101,510. It is about an hour’s travel time from this Philly retail space for lease or sale in Montgomeryville PA to Center City Philadelphia. There also is monument signage available at this retail space for sale in Philly.

There are high daily traffic counts passing by this retail space for sale in Philly that is available through Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services. The total population within a five-mile radius of this Philly retail space for lease or sale is nearly 144,000.

For more information about this Philly retail space for sale or lease at 735 Bethlehem Pike Montgomeryville PA or about any other Philly commercial properties for sale or lease, please contact Tony Banks (215-544-6040; tony.banks@wolfcre.com) or Jason Wolf (215-799-6900; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philly commercial properties for lease or sale through our Philly commercial real estate brokerage firm.

Nine West Closures Will Stagger, Not Knock Out, CRE Outlet Market

The recent Chapter 11 bankruptcy reorganization filing of shoe and apparel wholesaler Nine West Holdings Inc. focused the retail spotlight on the outlet center segment of the commercial real estate industry.

Despite the bad news for the U.S. commercial real estate market – including Philly retail space – that Nine West is closing all 70 of its stores, the good news is that leasing demand for outlet store space has been outpacing availabilities.

This report on U.S. and Philadelphia commercial properties is being made through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm focusing on Philly retail properties.

Privately held Nine West’s filing seeks to restructure about $1.6 billion in debt, much of it racked up in the national and Philadelphia commercial real estate markets when private equity firm Sycamore Partners Management acquired the company and affiliated brands in the 2014 for $2.2 billion.

While 80 percent of Nine West’s sales come from wholesale operations, it also operates 70 brick-and-mortar retail stores – all of which it has now closed and is asking the court to cancel the leases on those locations. Sixty-seven of those locations were in outlet centers included among national and Philadelphia commercial real estate properties.

The store closures hit two publicly traded retail landlords and their U.S. and Philadelphia commercial real estate listings the hardest. Simon Property Group will lose 35 stores. Simon owns and operates a portfolio of 91 centers through Simon Premium Outlets and Tanger Factory Outlet Centers will see 19 stores closed out of its portfolio of 44 upscale outlet shopping centers.

The stores typically ranged about 3,000 square feet in size on average, which means about 105,000 square feet of newly vacant space in the U.S. commercial real estate market – including Philly retail space – for Simon and 57,000 square feet for Tanger.

That is a bigger chunk of space comparatively for Tanger. During 2017, Tanger recaptured 201,000 square feet within its portfolio. The 2017 amount is nearly double the amount it took back a year earlier. Overall occupancy declined from 98 percent in 2016 to 97 percent last year.

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

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly office space, Philly retail space or Philly industrial space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly office space, Philly retail space or Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial 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 commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Shopping Centers Expect to See Performance Boost from Closing Weaker Stores

The U.S. retail vacancy rate increased by 10 basis points for the second-straight quarter to hit 5.2 percent in the third quarter of 2017 as retail leasing and net absorption slowed despite continuing improvement in the broader economy and growing consumer spending power, according to CoStar analysts.

A slowdown in third-quarter leasing performance for the U.S. commercial real estate market – including Philly retail space – reflects the ongoing store closures announced by several major retailers. In total, retailers have announced a record 101 million square feet of store closings this year, on top of 83 million square feet of store space that went dark in 2016.

However, despite signs of decelerating leasing demand for the national and Philadelphia commercial real estate markets, some analysts speculate that record levels of store closures will eventually have a ‘healing effect’ on the market as the weakest shopping centers shut down or are repurposed.

This report on U.S. and Philadelphia commercial properties is being made through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm focusing on Philly retail properties.

Analysts argue that recent weakening of fundamentals does not necessarily justify the doomsday scenario suggested by gloomy headlines warning of a “retail apocalypse” or “Armageddon, and the focus on the ongoing purge among national and Philadelphia commercial real estate properties masks the best-performing centers, many of which are adding stores and maintaining occupancy.

“Store closures have become a headline risk, and I think it is impacting the capital markets and pricing of retail property. But for shopping center owners and investors, these closures may be a necessary means to healing the market,” observed CoStar director of U.S. retail research Suzanne Mulvee in presenting the latest quarterly data during CoStar’s State of the Retail Market Q3 2017 Review and Outlook.

“Consumer spending (at the closed stores) needs to go somewhere, usually to another physical retailer, so we look at this trend as somewhat positive for the overall market,” Mulvee said. Surviving stores in the right locations “will ultimately come through this period even stronger than before,” added CoStar managing consultant Ryan McCullough.

One major issue contributing to concerns on Wall Street about U.S. and Philadelphia commercial real estate listings is the staggering amount of debt held by retail chains, incurred in part during the wave of leveraged buyouts by private-equity firms in recent years.

The best-performing malls and shopping centers operating in the U.S. commercial real estate market – including Philly retail space – will continue to attract tenants and retain value. Average and lower-performing properties will continue lose value and eventually close or be repurposed, according to the report.

U.S. retailers dealing with national and Philadelphia commercial real estate listings expect to open nearly 4,100 more stores than they will close in 2017, a conveniently overlooked fact in many news headlines focused chiefly on the number of store closings, according to “Decluttering the Retail Landscape,” a recent report by TH Real Estate.

Competition from online sales is pushing weaker retailers out of business faster than ever before, but the report posits that should ultimately result in a financially healthier and more adaptable set of retailers and shopping centers that provide more appealing experiences and a compelling product mix for shoppers.

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

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

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly office space, Philly retail space or Philly industrial space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly office space, Philly retail space or Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial 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 commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Premier Philly Retail Space for Lease in Montgomeryville

Wolf Commercial Real Estate, a leading Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, now has available premier Philly retail space for lease in the 202 Marketplace Shopping Center at 411 Doylestown Road Montgomeryville PA.

This Philly retail space for lease is in well-located retail center and potential lease partners will notice a strong anchor Outback Steakhouse in the middle of this retail space in Philly. In addition, the landlord of this retail space for lease in Philly in the 202 Marketplace Shopping Center at 411 Doylestown Road Montgomeryville PA said the shopping center has been involved in the negotiations that began in August 2017.

There are from +/- 1,500 to 20,866 square feet of divisible retail space in Philly available in this shopping center. This retail space for lease in Philly is available for immediate occupancy so please call for more information the lease price of this retail space for lease in Philly.

This retail space in Philly in the 202 Marketplace Shopping Center at 411 Doylestown Road Montgomeryville PA serves the Route 309 corridor and this Philly retail space also is near the busy Five Points intersection.

Parking is ample at this Philly retail space for lease and there are excellent demographics at this retail space in Philly, including daytime population. Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services is offering this retail space for lease in Philly.

For more information about this Philly retail space for lease in the 202 Marketplace Shopping Center at 411 Doylestown Road Montgomeryville PA or about any other Philly commercial properties for sale or lease, please contact Tony Banks (215-544-6040; tony.banks@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors and sellers. Please any of the numerous Wolf Commercial Real Estate websites for a full listing of Philly commercial properties for lease or sale through our Philly commercial real estate brokerage firm.

Changing Trends, Preferences, Finances Cloud Center City Retail Picture

Empty storefronts are starting to proliferate Center City streets in the Philadelphia retail real estate market, possibly presaging the end of a five-year-old resurgence that peaked last summer with record rents along the core Rittenhouse shopping district streets of Walnut and Chestnut.

Area commercial real estate experts blame a supply glut, the closing of national brand stores, local competition, and online shopping, but it’s a disconcerting trend that – according to a recent article on Philly.com about Philly rental space and the general retail commercial real estate market – does not seem to be abating.

Vacancies are taking longer to fill and retail rents in the Philadelphia commercial real estate market are down about 10 percent this summer for the first time after several years of increases.

This report on Philadelphia retail commercial properties is being brought to you through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm.

Mid-block rents in the last year among Philadelphia commercial real estate properties on Walnut Street – from the 1400 to the 1700 block – are $100 to $150 per square foot, compared with $130 to $170 per square foot last summer. Premium corners average from $185 to $200 per square foot and have not been affected.

Meanwhile, Philadelphia retail commercial real estate listings located mid-block on Chestnut Street, from the 1500 to 1700 blocks, now average between $60 and $75 per square foot, compared with $65 to $85 a year ago. Corner spaces on Chestnut are about the same, averaging between $90 and $100 per square foot.

More than 2.1 million square feet of Philly retail space in the city’s commercial real estate market has been added to the central business district and nearby neighborhoods in the last five years. This figure includes 730,000 square feet from the former Gallery at Market East, a mall that is in the process of being renovated.

Hundreds of national apparel chain stores – occupying some of the most desirable Philadelphia retail commercial real estate listings – are either facing bankruptcy or are closing stores. Couple that with the level of taxation facing Center City retailers — business income, use and occupancy, city and state property taxes, and others – and it’s even more difficult to keep stores occupied.

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

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

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly retail space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial 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 commercial 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 commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.