Matrix Multifamily Philadelphia Report-December 2025 December 17, 2025

Philadelphia persists

Average advertised asking rents were up a modest 0.1 percent on a T3 basis through October, to $1,840 and 30 bps above the national average. Developers completed 6,065 units across the metro in the first 10 months of the year, 1.6 percent of existing stock.