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Concessions on the Rise Across Philadelphia as Apartments Compete for a Finite Pool of Renters

Percentage of Apartments Offering Discounts and Incentives Approaches Pandemic Levels
CoStar Analytics
December 15, 2023 | 9:20 P.M.

As the influx of newly completed apartment buildings amplifies the ongoing competition for tenants across the Philadelphia region, an increasing number of these new rental apartment developments are resorting to concessions to entice prospective renters.

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