Philadelphia's retail rent growth has slowed in recent quarters, matching a nationwide pattern. A wave of store closures has swept through the metropolitan area, with Rite Aid, Party City, Walgreens and Big Lots shuttering multiple locations. The slowdown has hit the city and suburbs differently, driven by changing shopping habits and contrasting population trends.
Philadelphia's retail slowdown hits city rents harder than the suburbs
Urban rents drop by 1.7% while suburban rates decline 0.5%
CoStar Analytics
October 13, 2025 | 3:37 P.M.
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