Philadelphia Apartment Data

Philadelphia is the 10th largest multifamily market with 309,791 completed units and 79,328 units in development,12,755 of which have already broken ground, as of December 2021.

Philadelphia Multifamily Market Summary – December 2021

New lease asking rents are at $1,595, up 10.5%▲
from the previous year placing Philadelphia at
71st overall in year-over-year rent growth.