Marcus & Millichap’s 2nd Quarter Multifamily Research Market Report for the Philadelphia Metro Area has been released. Investors are increasingly turning to Philadelphia’s Center City as developers look farther out. Construction activity has expanded in certain suburbs, with the western Philadelphia suburbs welcoming more than 1,000 units this year. Renters are seeking residential options with downtown access that are comparatively more affordable.
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 215-531-7019.