Apartment rent growth patterns have emerged between Philadelphia’s premiere urban and suburban neighborhoods in mid-2023. Rent performance in the top suburban neighborhoods surpassed the regional average growth rate of 2.6%, while rent growth in the most in-demand urban neighborhoods has lagged.
Philadelphia’s Suburbs Outpace Urban Apartment Rent Performance
Elevated Multifamily Construction Restricts Rent Growth in Top Neighborhoods
CoStar Analytics
June 22, 2023 | 5:08 P.M.
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