Philadelphia\u2019s multifamily market displayed healthy fundamentals entering the fourth quarter. Amid slowing absorption, rents were still up 2.1% on a year-over-year basis, reaching $1,728, while the national figure advanced just 0.4%<\/strong><\/a>, to $1,718 as of October. On a trailing three-month basis, Philadelphia rates were flat, while the U.S. average dropped 10 basis points. Meanwhile, the occupancy rate in stabilized assets dropped just 30 basis points in 12 months, to a relatively tight 96.0% as of September.<\/p>\n