Philadelphia commercial real estate
The Philadelphia commercial real estate market is among one of the largest in the nation, with nearly 82,000 properties on the books in 2016.
Philadelphia, the sixth-largest city in the United States as measured by population, serves as a cornerstone of American and Native American history, a mecca for area fans of professional sports, and as the home to numerous attractive Philadelphia commercial real estate listings.
While the 2010 U.S. Census reported Philadelphia as the fifth-most populous city with 1,526,000 people, its position was usurped by formerly sixth-place Phoenix (1,445,000 residents in 2010) in 2016 when the government issued its mid-term update. Those new numbers reported 11.7 percent growth in the Phoenix population versus just 2.7 percent growth in Philadelphia. In raw numbers, that resulted in a population of 1,615,000 for Phoenix and of 1,567,000 for Philadelphia. An important factor in this shift is that Phoenix, at 517 square miles in area, is nearly four times (3.85 times) larger than the 134-square-mile City of Brotherly Love.
The city that now bears the name Philadelphia – literally from the Greek “philos” (love or friendship) and “adelphos” (brother) – was known as Shackamaxon by the original residents of the Lenni Lenape Native American Nation. As a harbinger of the events that would lead to the creation of the United States of America, Shackamaxon – which itself means “make a chief place” – is where multiple generations of Lenni Lenape “sakima” (chief) or “kitakima” (big or clan chief) received investiture.
In addition to its importance in Native American history, Philadelphia played a major role in the creation of our country, going back to its late 17th Century days as a Quaker settlement. William Penn, the founder of Philadelphia who eventually would lend his name to the colony and the state, wanted the city to be a place of tolerance, where residents could worship as they please. This is what’s believed to have led to Philadelphia’s rapid growth and its position as America’s most important city of that time.
That importance is reinforced by all the “firsts” credited to Philadelphia. Not only was the city the first capital of the United States, but also was the birthplace of the United States Marine Corps as well as the first library, first hospital, first medical school, first business school; first stock exchange, and first zoo. It’s also the only World Heritage City in the United States (a designation held by fewer than 250 cities worldwide).
Philadelphians are proud of their city and love their sports teams. It is one of just 13 U.S. cities that has teams in all four major sports leagues – the Philadelphia Phillies of Major League Baseball, the Philadelphia Eagles of the National Football League, the Philadelphia 76ers of the National Basketball Association, and the Philadelphia Flyers of the National Hockey League. Among these four, the Phillies are the most recent world champions in their sport, winning the World Series in 2008. They are followed, in reverse chronological order, by the 76ers, who won the NBA title in 1983; the Flyers, who won the Stanley Cup in 1975; and the Eagles, who won the NFL Championship in the pre-Super Bowl year of 1960.
The Philadelphia commercial real estate market is among one of the largest in the nation, with nearly 82,000 properties on the books in 2016. When you are in the market for Philadelphia commercial real estate, contact Wolf Commercial Real Estate. WCRE is the foremost Philadelphia commercial real estate broker 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.
In addition to Philadelphia, WCRE services the surrounding suburbs of Bala Cynwyd, West Chester, Conshohocken, Malvern, Newtown, Ardmore, King of Prussia and Phoenixville