Philadelphia, PA Conventional Restaurants for Lease
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Philadelphia, PA Conventional restaurants Lease Rates & Market Statistics
Explore 43 Conventional restaurants for lease in Philadelphia, PA on Realmo, a commercial real estate exchange covering the Philadelphia area. The current inventory totals 85,261 square feet of properties — an average of ~2,000 SF per listing.
Asking lease rates for Conventional restaurants in Philadelphia start at $12.59 SF/Yr, average $26.06 SF/Yr, and reach $33.60 SF/Yr at the top of the market. That's a 3x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $26.06 SF/Yr is 17% above the Pennsylvania state average of $22.25 SF/Yr.
Philadelphia accounts for 100% of the 43 conventional restaurants currently available across Philadelphia County. Conventional restaurants make up 52% of the 82 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 (18 listings) and Commercial kitchens (15 listings) elsewhere in the Philadelphia market.