Marcus & Millichap’s Philadelphia office released their fourth-quarter report on the area rental-apartment market. The report had positive things to say about multifamily housing in the Philadelphia region.
“Although there is some evidence that the economy is sputtering a bit, it appears to be strong enough in the Philadelphia region to keep multifamily housing thriving. [The report] cites ‘respectable job growth and the formation of new households’ as reducing vacancy rates in this region over the first nine months of 2013,” states the article.
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