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Philadelphia Outpaces U.S. Rent Growth Philadelphia rents outperformed the nation, flat on a T3 basis while the U.S. rate fell and clocking 2.1 percent year-over-year growth vs. a slight U.S. increase. It helped that occupancy held relatively firm, down just 30 basis points in 12 months to a tight 96 percent, although development promises to outpace 2022.
Philadelphia rents outperformed the nation, flat on a T3 basis while the U.S. rate fell and clocking 2.1 percent year-over-year growth vs. a slight U.S. increase. It helped that occupancy held relatively firm, down just 30 basis points in 12 months to a tight 96 percent, although development promises to outpace 2022.
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