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.
Sign up to download
Recent reports
-
Yardi Matrix Multifamily Rent Forecast July 2026
Yardi Matrix Multifamily Rent and Occupancy Forecast – July 2026
-
Matrix Single-Family Rental National Report – July 2026
Matrix Single Family Rental Report – July 2026
-
Matrix Multifamily National Report – July 2026
Multifamily rent gains in July point to recovery