MARKET SNAPSHOT Philadelphia q3 2025

Market Overview

‍Momentum is quietly building in the Philadelphia multifamily market average effective rent is hovering near $1,815, occupancy remains above 93%, and deliveries are set to decline following several years of elevated completions. Suburban submarkets are performing best, driven by affordability and strong amenities, while urban core areas face heavier competition and pricing concessions. With development starts moderating, the balance between supply and demand is shifting toward steadier growth.

‍About MMG

‍MMG Real Estate Advisors is a metro-focused multifamily research and advisory firm. Their Q3 2025 Philadelphia market report provides detailed data on rent trends, occupancy metrics, absorption, completions and pipeline depth  designed to help owners, developers and investors evaluate timing, risk and opportunity in the region. To read the full report, click here.