The Philadelphia multifamily market continues to present strong fundamentals in 2018, despite a rent growth of 1.9 percent, 60 basis points below the national average as of April. The metro is currently experiencing a construction boom, thanks to the strong influx of Millennials moving into the city.
Of the 10 largest communities under development in the Greater Philadelphia Region, six are in the market’s core areas, and 4 of these are being built by GBCA members. #excellenceisbuilding
2. The View II
GC: INTECH Construction
Additional GBCA Members: AmQuip Crane Rental
5. The Ludlow at East Market
GC: Tutor Perini Building Corp.
Additional GBCA Members: Mayfield Site Contractors
6. Lincoln Square
GC: INTECH Construction
Additional GBCA Members: Mayfield Site Contractors, E.C. Fence & Iron Works
9. The Hamilton Phase I
GC: Clemens Construction Company
Additional GBCA Members: Graboyes Commercial Window Company, Bencardino Excavating
Click below to see the full list of 10 largest communities being developed: