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Marcus & Millichap Releases 2nd Quarter 2023 Multifamily Market Report for Philadelphia

Marcus & Millichap’s 2nd Quarter 2023 Multifamily Market Report for the Philadelphia Metro Area has been released. New Jersey Suburbs have been aided by minimal new construction, despite ranking as some of the metro’s tightest submarkets. Meanwhile in Philadelphia, robust inventory gains are affecting fundamentals in the short-term.

Click the link below to view the full report. If you would prefer to view a hard copy of the report, or if you would like to view a report for a market other than Philadelphia, please give us a call at 215-531-7021.

2nd Quarter 2023 Multifamily Market Report – Philadelphia

Marcus & Millichap Releases 2023 Multifamily Forecast

Long-Run Demand Tailwinds Poised to Guide Multifamily Sector Through Near-Term Choppy Waters

While property performance began to soften last year, fundamentals nevertheless stand well-ahead of pre-health crisis norms. A broad-based housing shortage also bolsters the sector’s long-term prospects. To help commercial real estate investors capitalize on the unique nuances of the current climate, Marcus & Millichap presents the 2023 Multifamily National Investment Forecast.

Key Features Include:

  • A detailed outlook for the U.S. multifamily sector in 2023
  • Metrics and analyses for 50 markets across the country
  • Supply and demand forecasts for each metro

The Market Overview for Philadelphia can be found on Page 43. Click the link below to view the report.

2023 Multifamily Investment Forecast

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