For the first time in more than 15 years, developers are building more apartments in Philadelphia's suburbs than in the city itself. The construction trend reflects a sharp drop in the number of apartments under construction in the city, alongside steadily growing demand in the suburbs.
Apartment construction in Philadelphia's suburbs overtakes city for first time in 15 years
Montgomery County accounts for nearly 80% of active suburban development
CoStar Analytics
August 17, 2026 | 6:45 P.M.
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- Properties
- Hanover at Bala Cynwyd
111 Presidential Blvd, Bala Cynwyd, PA