Figures

Philadelphia Retail Figures Report Q2 2026

Sustained Positive Absorption Signals Continued Resilience

July 2, 2026 3 Minute Read

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Despite macroeconomic headwinds, Greater Philadelphia's retail market recorded more than 100,000 square feet (sq.-ft.) of positive net absorption in Q2 2026, marking the third consecutive quarter of occupancy gains. The region's vacancy rate fell 30 basis points quarter-over-quarter to 8.1%, underscoring continued strength among well-located retail properties. Leasing and investment activity were characterized by a combination of large-format transactions, steady infill leasing, and selective capital deployment as the sector continued to evolve through both expansion and repositioning.