June 5, 2025
Matrix Multifamily Philadelphia Report-May 2025
Philadelphia Rents Rise
Philly’s fundamentals improved in early 2025, with advertised asking rents up 0.4 percent on a T3 basis through March, to $1,821, 30 basis points ahead of the U.S. average. Developers completed 8,470 units in 2024, marking the best year for deliveries over an eight-year period.
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