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Philadelphia apartment market turns the corner ahead of national cycle

Apartment vacancy tightens despite lease-up competition
CoStar Analytics
December 29, 2025 | 3:58 P.M.

While U.S. vacancy rates climb higher, Philadelphia has already passed its peak — signaling that the local rental market is finding its footing faster than the rest of the country.

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News | Philadelphia apartment market turns the corner ahead of national cycle