Philadelphia's apartment development boom may be slowing, but landlords are still grappling with the large number of units that flooded the rental market in recent years. Concessions are still a standard practice as property owners compete for renters with significantly more rental options than existed three years ago.
Concessions still standard practice for urban apartments despite shrinking vacancy
Two months of free rent are the norm across newly built apartments in Philadelphia
CoStar Analytics
June 23, 2025 | 6:23 P.M.
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
IN THIS ARTICLE
- Properties
- The Poplar
901 9th St, Philadelphia, PA
- The Noble
200 Spring Garden St, Philadelphia, PA
- Beach Street Landing
700 Delaware Ave, Philadelphia, PA