Philadelphia's multifamily market has sustained meaningful investment momentum over the past year, building on a recovery that began in mid-2024 when institutional investors returned to the market. The local market capitalization rate has held steady throughout this period, averaging 6.2%.
Sustained deal activity and easing cost of debt set stage for capitalization rate compression
Should rent growth begin to strengthen alongside further rate relief, the market could see a broader upward repricing of multifamily properties.
CoStar Analytics
February 20, 2026 | 8:04 P.M.
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