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Multifamily Investors Showing Increased Appetite for Philadelphia Apartments

Recent Deals Signal Potential Upturn in Regional Apartment Market
Riverworks, a 349-unit apartment complex in Phoenixville, Pennsylvania, traded in April for over $90 million.
Riverworks, a 349-unit apartment complex in Phoenixville, Pennsylvania, traded in April for over $90 million.
CoStar Analytics
June 24, 2024 | 6:25 P.M.

Apartment sales in Philadelphia are stirring awake after a period of low activity, with recent trades hinting at a potential upswing in investments. While elevated borrowing costs continue to keep annual sales volume below the 10-year average, the latest quarterly sales numbers are a promising sign.

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