Marcus & Millichap’s 4th Quarter Apartment Research Market Report has been released. Overall, the outlook of the Philadelphia apartment market remains bright as healthy economic factors continue to drive growth in the Philadelphia economy. The unemployment rate reached the lowest level since the recession, encouraging developers to accelerate the pace of construction. Tight market conditions have spurred steady and consistent rent growth, and both rent and occupancy rates are trending upward.

Click the link below to view the full report.

Philadelphia 1st Quarter Multifamily Research Market Report