Marcus & Millichap’s 3rd Quarter Apartment Research Market Report has been released. Overall, the outlook of the Philadelphia apartment market remains bright as rising employment fosters stable economic growth, which in turn is strengthening apartment operations. Total employment is on
Archive for August, 2015
The Apartment Spotlight: Apartments Outperform in Second Quarter
Marcus & Millichap’s Research Services just released their Apartment Spotlight, detailing the first half of 2015. Some of the major talking points include:
- Steady job gains in the first half of 2015 generated robust demand for rental housing, while the
2Q Report: Lower Vacancy Rate, Rising Rents
The Philadelphia region’s apartment market continued to thrive in the second quarter, with monthly rents rising and vacancies plummeting even as new product appeared in the city and suburbs. The lower vacancy rate manifested while competition (especially in Center City) … Read More >
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Marcus & Millichap Releases 4th Quarter Multifamily Research Market Report
Marcus & Millichap’s 4th Quarter Multifamily Research Market Report for the Philadelphia Metro Area has been released. Elevated apartment absorption drops vacancy and improves rents. Development activity contracts in Center City, but expands throughout the suburbs.
Click the link below … Read More >
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We invite you to have a conversation with us so we can develop a complimentary strategic analysis that will show you the options available to you both now and in the future.