August 26, 2026
Matrix Multifamily Philadelphia Report – August 2026
Philly’s position of strength
Advertised asking rents in Philadelphia were up 0.3 percent on a T3 basis, to $1,869, 10 bps above the national average. The metro’s occupancy rate was 95.4 percent as of May, well above the U.S. average of 94.1 percent. Developers brought 3,627 units online through June, 0.9 percent of existing stock and on par with the U.S. figure.
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