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Philadelphia MarketBeat Reports

Casandra Dominguez • 10/16/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent Philadelphia MarketBeat reports below.

 

Upon the arrival of COVID-19 in the U.S., the economy entered a recession in March 2020, recording the worst decline in post-war history in Q2 2020. Mounting evidence indicates that the recovery began in May or June with Q3 2020 data likely reflecting that. But, until there is a public health resolution to the pandemic, the recovery is likely to remain uncertain and gradual. Only then can households and businesses become more confident.

Current Marketbeats

Office MarketBeat Report
Q3 2020 Philadelphia CBD Office Report

Leasing activity in the Philadelphia CBD came in at under 60,000 square feet in the third quarter of 2020, as most tenants remained unwilling to make any long-term real estate commitments and transactions continued to slow.

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Office MarketBeat Report
Q3 2020 Philadelphia Suburban Office Report

Leasing activity in the Philadelphia suburbs ended the third quarter of 2020 at 238,001 square feet, taking the year-to-date total to 1.3 million square feet.

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Industrial MarketBeat Report
Q3 2020 Philadelphia Industrial Report

Leasing activity in the third quarter of 2020 remained strong in the Philadelphia industrial market, hitting 3.0 million square feet (msf) and bringing year-to-date (YTD) new leasing transactions to 8.6 msf, which is 117.1% greater than the same period a year ago. 

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Industrial MarketBeat Report
Q3 2020 PA I-81 & I-78 Corridor Industrial Report

Demand for industrial space in the I-81 & I-78 distribution corridor remains robust, with year-to-date (YTD) leasing activity hitting 15.7 million square feet (msf) in the third quarter of 2020 and 80.8% of deals taking place since the pandemic hit in March. 

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Featured Insights: Current U.S. MarketBeats

Q3 U.S. Office MarketBeat Report Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 10/14/2020
Q3 U.S. MarketBeat Industrial Report Web Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 10/8/2020
Q3 U.S. Retail MarketBeat Report Card Image
MarketBeat • Retail

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 10/14/2020

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