Trailing four-quarter absorption has outpaced new completions for five consecutive quarters, demand that reflects Philadelphia's position as one of the largest and most diversified metro economies in the country.
Click Here
The pipeline is contracting decisively, with starts down and the construction total now at its lowest level in over a decade, pointing to further delivery declines through 2027.
Click Here
Rents grew 1.9% year-over-year, ranking second in the Northeast behind only New York, while occupancy continues to firm sequentially, a combination that reflects Philadelphia's steady, durable growth profile rather than the boom-and-bust cycles playing out in faster-growing Sun Belt markets.
