After trending lower in recent years, office demolitions spiked across Philadelphia in 2025
Developers tear down underutilized buildings to make way for mixed-use developments
Office demolitions across Philadelphia surged over the past year to their highest level in nearly a decade. Approximately 1.4 million square feet of office space was cleared from t...
Sustained deal activity and easing cost of debt set stage for capitalization rate compression
Should rent growth begin to strengthen alongside further rate relief, the market could see a broader upward repricing of multifamily properties.
Philadelphia's multifamily market has sustained meaningful investment momentum over the past year, building on a recovery that began in mid-2024 when institutional investors return...
After years of dormancy, apartment landlords are ready to sell
Rate cuts and shrinking vacancy improve conditions for Philadelphia apartment sales
Philadelphia's multifamily investment market gained momentum heading into 2026 as property owners increasingly list their assets for sale.
Philadelphia’s retail lease listings dominated by older properties
Retailers scramble for scarce, new space as local inventory hits a low
The amount of available retail space across Philadelphia is hovering at a multi-decade low, following several years of resilient retail demand. At the end of 2025, Philadelphia had...
In-demand newer retail properties outperform older competition
Vintage retail properties have harder time retaining tenants during downturns
Newer retail properties built since 2010 have demonstrated unwavering resilience, with increasing occupancy recorded each quarter. Across Philadelphia, retailers continue to favor ...
Philadelphia apartment market turns the corner ahead of national cycle
Apartment vacancy tightens despite lease-up competition
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.
Philadelphia apartment concessions increase as winter arrives
Multifamily landlords ramp up incentives in rush to fill units before year-end
As Philadelphia rental apartments enter the traditionally slower winter leasing season, concessions have been on the rise.
Speculative projects still dominate Philadelphia’s industrial construction pipeline
Developers continue to build new logistics facilities without tenants as industrial vacancy rises
Philadelphia ranks 25th nationally in terms of its overall share of speculative industrial development as the region closes out 2025. As of the fourth quarter, speculative projects...
Older industrial properties lose ground as logistics firms show strong preference for modern facilities
Pre-2010 facilities saddled with largest occupancy losses
The industrial real estate market has undergone a dramatic shift, with properties built before 2010 experiencing negative absorption while newer facilities continue to attract stro...
Apartment rents in Lehigh Valley outpace income gains, rising more than 30% since 2020
Local rental affordability gap likely to persist amid shrinking construction pipeline
The Lehigh Valley apartment rental market has experienced a mismatch between housing supply and population growth, resulting in rent increases that have outpaced income growth in r...
Median incomes of Philadelphia-area residents finally catch up to recent apartment rent gains
Both have increased by over 20% since 2020
Greater Philadelphia's apartment rental market has reached a turning point that's been five years in the making.
Office Deep Dive: Philadelphia’s big-block office absorption trails major markets
Only three new major leases were signed in 2025
Philadelphia ranks among the slowest markets nationwide for absorbing big-block office space, with availability declining by just 1.6% from its peak. This small drop in large offic...
Office Deep Dive: Half of Philadelphia’s big-block availability is across proposed projects
Market West and University City offer the region’s largest uninterrupted commercial spaces
Philadelphia, the nation's ninth-largest office market with nearly 330 million square feet of total inventory, currently offers 62 big-block office spaces — contiguous areas of at ...
Office Deep Dive: Philadelphia ranks 12th nationally in big-block office availability
The local region offers one-third the inventory of leading markets
As the nation's ninth-largest office market, Philadelphia ranks 12th out of 15 major metropolitan markets for big-block office availability. The local market currently lists 62 spa...
Recent big-box departures mask Lehigh Valley’s underlying stability
Facilities smaller than 500,000 square feet are still holding strong
While the region's market-level indicators suggest widespread weakness, a closer look reveals that massive warehouses skew the data. Mega-distribution centers’ outsized influence h...
Institutional buyers drive Lancaster industrial investment to a historic high
The small central Pennsylvania market has captured growing attention
Lancaster, Pennsylvania's industrial market has hit a historic milestone. Investment reached $418.9 million in the trailing 12 months through the third quarter of 2025 — a record t...
Philadelphia's retail slowdown hits city rents harder than the suburbs
Urban rents drop by 1.7% while suburban rates decline 0.5%
Philadelphia's retail rent growth has slowed in recent quarters, matching a nationwide pattern. A wave of store closures has swept through the metropolitan area, with Rite Aid, Par...
Philadelphia’s apartment lease-up competition is expected to ease in the coming year
The market is working through its excess inventory
Philadelphia’s multifamily housing market is beginning to stabilize, as seen in the narrowing gap between overall and stabilized vacancy rates.
Philadelphia retail rent growth falls behind national peers
Outdated inventory and tepid population gains are behind underperformance
Philadelphia's retail market has struggled to keep pace with other major U.S. markets in rent growth. In the third quarter, the Philadelphia metropolitan area ranked 13th out of th...
Philadelphia multifamily development slips below pre-pandemic norms
Active construction pipeline shrinks to a 12-year low
Multifamily construction in the Philadelphia metropolitan area has dropped sharply in 2025, continuing a slowdown that began in 2023.