Philadelphia Multifamily Market Report
By CREhunt Research · Data through Q1 2025 · Aggregated from Colliers
Quarterly multifamily market indicators for Philadelphia, aggregated by CREhunt from Colliers. As of Q1 2025, vacancy was 5.4%, per Colliers.
Projected current multifamily pricing — Philadelphia
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Philadelphia multifamily yet, so this applies the typical cap rate across comparable multifamily markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2025 multiple brokerages asking-rent data (benchmark cap rate 5.1%–6.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2025 Colliers | — | 5.4% | 25 SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Philadelphia?
- CREhunt aggregates multifamily asking-rent data for Philadelphia from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Philadelphia?
- The multifamily vacancy rate in Philadelphia was 5.4% as of Q1 2025 (Colliers).
- Where does CREhunt's Philadelphia market data come from?
- This report aggregates quarterly multifamily market data for Philadelphia from Colliers.