{"id":9827,"date":"2025-09-10T08:46:00","date_gmt":"2025-09-10T08:46:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9827"},"modified":"2026-01-13T09:12:17","modified_gmt":"2026-01-13T09:12:17","slug":"philadelphia-multifamily-market-report-august-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/philadelphia-multifamily-market-report-august-2025\/","title":{"rendered":"Philadelphia Multifamily Market Report \u2013 August 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/philadelphia-multifamily-market-report\/\">Philadelphia&nbsp;Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Rents Maintain Positive Performance<\/h2>\n<p>Philadelphia\u2019s average advertised asking rents were up 0.3%, on a trailing three-month basis through June, to $1,838, according to the latest Yardi Matrix Philadelphia multifamily market report. This was 10 basis points above the national figure, which clocked in at $1,749. The metro\u2019s year-over-year rents were up 2.0%, making Philadelphia the best-performing metro in the Mid-Atlantic region.<\/p>\n<p><iframe id=\"datawrapper-chart-ZD2fh\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Philadelphia vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/ZD2fh\/1\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<br \/>\n<\/script><\/p>\n<p>Employment growth picked up, at 1.1% year-over-year through April and 30 basis points above the U.S. rate, as\u00a0reported in the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily report<\/strong><\/a>. Over the 12-month period ending in April, Philadelphia added 45,400 net jobs. Education and health services led gains, with 30,900 positions added to the workforce. The unemployment rate stood at 4.8% as of May, 60 basis points above the national rate, according to preliminary data from the Bureau of Labor Statistics. Amazon\u2019s new data center project in Falls Township could potentially add 1,250 jobs to the market, as the e-commerce giant is planning to build a campus on a portion of the 1,800-acre Keystone Trade Center. The project is part of Amazon\u2019s $20 billion planned investment throughout Pennsylvania.<\/p>\n<p><iframe id=\"datawrapper-chart-jcIba\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Philadelphia Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/jcIba\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<br \/>\n<\/script><\/p>\n<p>Developers completed 2,123 units across the metro in the first six months of this year, 80 basis points below the national figure and representing 0.6% of existing stock. The metro registered $457 million in multifamily transactions, on the heels of the $1.1 billion in total volume recorded in 2024.<\/p>\n<p>Read the full Yardi Matrix Philadelphia Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/7788-MatrixMultifamilyPhiladelphiaReport-August2025\" rel=\"\"><strong>August 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rents Maintain Positive Performance Philadelphia\u2019s average advertised asking rents were up 0.3%, on a trailing three-month basis through June, to $1,838, according to the latest Yardi Matrix Philadelphia multifamily market report. This was 10 basis points above the national figure, which clocked in at $1,749. The metro\u2019s year-over-year rents were up 2.0%, making Philadelphia the [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,119],"class_list":["post-9827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","tag-philadelphia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Philadelphia Multifamily Market Report \u2013 August 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Advertised asking rents in Philadelphia were up 0.3 percent on a T3 basis, to $1,838, 10 bps above the national average.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/philadelphia-multifamily-market-report-august-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philadelphia Multifamily Market Report \u2013 August 2025\" \/>\n<meta property=\"og:description\" content=\"Advertised asking rents in Philadelphia were up 0.3 percent on a T3 basis, to $1,838, 10 bps above the national average.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/philadelphia-multifamily-market-report-august-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-10T08:46:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-13T09:12:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/06\/Philadelphia-iStock-2222595563-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Madalina Pojoga\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Philadelphia Multifamily Market Report \u2013 August 2025 - 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