Mid-Atlantic Multifamily Real Estate Market Reports

Market Overview

The Philadelphia region, encompassing Pennsylvania, New Jersey, Delaware, and Maryland, maintained stable multifamily performance in Q1 2025 despite ongoing macroeconomic headwinds. The market benefited from relatively limited new construction and a resilient renter base, particularly in suburban submarkets such as South Jersey, Northern Delaware, and the Maryland suburbs. Rent growth remained positive across the region, supported by high homeownership costs and consistent population retention. Philadelphia’s urban core continued to recover, with moderate absorption and renewed renter interest, while demand in surrounding states was driven by strong healthcare, education, and logistics employment hubs.

About Newmark

Newmark is a globally recognized commercial real estate advisory firm that delivers research-driven insights and strategic guidance across investment sales, leasing, valuation, and debt placement. Their multifamily market reports offer detailed analysis on rent trends, construction activity, and capital markets across both urban and suburban areas. In regional overviews like this Mid-Atlantic report, Newmark helps investors and operators assess nuanced trends across interconnected metros—including Philadelphia, Camden, Wilmington, and Baltimore—offering visibility into shifting demand, evolving supply pipelines, and long-term regional fundamentals.