Philadelphia Multifamily Market Report – August 2025

Market Overview

‍The Yardi Matrix Q3 2025 snapshot of the Philadelphia metropolitan area multifamily market highlights solid rent performance amid cautious demand. Average advertised asking rent rose 0.3 percent over the prior three-month period to $1,838, while year-over-year rent growth hit 2.0 percent — the strongest among Mid-Atlantic metros. Employment gains remain healthy though completed units reached 2,123 through mid-year, accounting for 0.6 percent of the inventory. Sales volume topped $457 million, down from $1.1 billion in 2024, reflecting a quieter investment climate.

‍About Yardi Matrix

‍Yardi Matrix is a research-driven firm providing data and analysis across multifamily, self-storage and other real-estate sectors. Their Philadelphia multifamily market report offers detailed insights on rent trends, occupancy shifts, supply delivery and transaction volume to help owners, developers and investors evaluate timing and strategic positioning. To read the full report, click here.