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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Most Recent Team News:
Philadelphia Multifamily Owners Report Strong Rent Collections for April
As we speak with apartment owners, we have been pleased to hear that most communities fared well with regard to April collections in the Philadelphia MSA. This week, we conducted a rent collection survey with a number of our clients. … 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.
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.