Philadelphia's multifamily construction has finally hit an inflection point, marking a significant shift in the balance between groundbreakings and completions. This is the first sign the market will have some breathing room in mid-2025 to absorb the surplus units that have already begun to saturate the region.
Philadelphia Sees Surge in Multifamily Unit Completions
Between 2,000 and 3,000 Units Are Scheduled To Be Added to the Market Each Quarter Through Mid-2025
CoStar Analytics
October 4, 2023 | 3:25 P.M.
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