Philadelphia, PA Conventional Restaurants for Lease
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Philadelphia, PA Conventional restaurants Lease Rates & Market Statistics
Explore 41 Conventional restaurants for lease in Philadelphia, PA on Realmo, a commercial real estate exchange covering the Philadelphia area. The current inventory totals 85,851 square feet of properties — an average of ~2,100 SF per listing.
Asking lease rates for Conventional restaurants in Philadelphia start at $12.59 SF/Yr, average $30.82 SF/Yr, and reach $48.89 SF/Yr at the top of the market. That's a 4x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $30.82 SF/Yr is 36% above the Pennsylvania state average of $22.67 SF/Yr.
Philadelphia accounts for 100% of the 41 conventional restaurants currently available across Philadelphia County. Conventional restaurants make up 48% of the 86 Restaurants currently for lease in Philadelphia, with asking rates in line with the citywide Restaurants average. Also worth a look for tenants weighing alternatives: Coffee shops (19 listings) and Other restaurants (18 listings) elsewhere in the Philadelphia market.