The Philadelphia commercial real estate market has undergone divergent trends across its major property sectors—retail, industrial, multifamily and office—between the first quarters of 2020 and 2024. While retail defied expectations and experienced steady demand and declining vacancy, the industrial and multifamily property sectors faced interim supply challenges due to the recent development boom.
Retail Is Only Property Type in Philadelphia To See Vacancy Shrink
Industrial and Multifamily Face Supply Surge, While Office Grapples With Demand Challenges
CoStar Analytics
March 4, 2024 | 2:46 P.M.
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