Following a dry spell throughout 2022, Philadelphia’s spring leasing season for apartments saw a moderate uptick in momentum, bringing some relief to developers and property managers. The spring leasing season generally sees the highest renter demand and often serves as a proxy for the remainder of the year. Based on this past spring's performance, demand is anticipated to pick up from 2022's slump, but remain below the five-year norm.
Apartment Spring Leasing Season Sees Sign of Life in Philadelphia After Yearlong Slump
Multifamily Demand Is Concentrated in a Few Urban Areas
CoStar Analytics
August 2, 2023 | 6:20 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In