Multi Level Retail space in RIttenhouse Square - retail in Philadelphia, PA
Retail

Multi Level Retail space in RIttenhouse Square

1718 Sansom St, Philadelphia, PA 19103, USA, Philadelphia, PA 19103

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence
Low
$21.25/SF/mo
Mid
$25.00/SF/mo
High
$28.75/SF/mo
Tier Used
peer_city_transfer

Transferred from peer market cleveland (similarity: 76%) with 3 comparable listings.

Peer market: cleveland (76% similarity)
Tier Resolution Trace
Tier 1insufficient_data
Tier 2insufficient_data
Tier 3insufficient_data
Tier 4successselected
Cost Breakdown
ComponentValueDetailSource
Base Rent$25.00/SF/mopeer_city_transfer
Utilities0.3¢/kWhOpenEI URDB
Property Tax0.0% eff. rateAPI Ninjas
Labor Index$1570/wkBLS QCEW
Source Provenance (1)
SourceTypeCountYearFreshnessPeer
Peer City Transfereconomic_similarity3real-timecleveland (76%)
Data sources used
peer_city_transfer

Description

Retail For Lease | 1,000 - 2,690 SF For Sale | Building Size: 2,690 SF 1718 Sansom Street is a single occupant retail opportunity with stand-alone availability, three floors, plus a lower level in one of Philadelphia's most sought after neighborhoods

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

1718 Sansom St, Philadelphia, PA 19103, USA, Philadelphia, PA 19103

Marker
Leaflet © OpenStreetMap contributors

Unified Estimate

Very Low Confidence
$21.25/SF/mo-$28.75/SF/mo
Mid: $25.00/SF/mo

Cost-of-business estimate only; rate estimator unavailable.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market cleveland (similarity: 76%) with 3 comparable listings.

Lease Rate & Market Trend

2000 – 2026 · county sold-comp quarterly mediansFIPS 42101

High Confidence
Q1 '00Q3 '01Q1 '03Q3 '04Q1 '06Q3 '07Q1 '09Q3 '10Q1 '12Q3 '13Q1 '15Q3 '16Q1 '18Q3 '19Q1 '21Q3 '22Q1 '24Q1 '26

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:+0.3%
Avg Weekly Wage:$1,478

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population1,579,706
Median Income$62k↓ 17%
College Educated30.1%↓ 3.3pp
Median Age35.3 yrs
Median Home Value$243k
Unemployment8.1%↑ 4.5pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Market comparison: retail in Philadelphia, PA

More Retail for Lease in Philadelphia, PA(5)

Contact Broker

Michael Barmash

Andrew Weinstein

Listed by

Colliers Import