Rent growth is projected to accelerate to +2.0% in 2026 (up from +1.6% in 2025), ranking highest among major Pennsylvania metros as easing supply pressure and steadier demand support gradually improving pricing power through the year.
Demand is projected to outpace new supply in 2026, with net absorption of 4,522 units exceeding 3,505 completions, which should keep the market’s supply-demand balance tight, and reduces the need for widespread concessions as the year progresses.
Stabilized occupancy is expected to hold essentially flat at 93.7% in 2026 after slipping 50 bps in 2025, indicating the market is stabilizing near its current level as demand keeps pace with a moderating supply environment.
