Up Close and Local: Philadelphia Market Update
Economists and analysts love to forecast Philadelphia apartment market metrics! If you say occupancy will hold within 50 basis points of the long-term norm, you’re likely to be right. Similarly, if you predict annual rent growth within 100 basis points of the typical result, you’ll likely nail that performance. Philadelphia’s historically stable market—known for consistent performance that remains independent of national trends—has the reliability that can prove beneficial as part of a diversified portfolio of assets.
Join RealPage analysts as they discuss:
- Influences that lead to stability in Philadelphia’s apartment sector
- Neighborhoods that tend to rank as notable outperformers
Greg WillettChief Economist, RealPage, Inc.
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.
Adam CouchMarket Analyst, RealPage, Inc.
Adam Couch is a market analyst with RealPage’s Data Analytics division. Prior to joining Realpage, Adam worked in the foreign exchange and futures industry where he focused specifically in capital markets. He graduated from the University of North Texas with a degree in Finance and was a part of the Student Investment Group. Adam has traveled extensively throughout China where he studied international policy and its impact on macroeconomics.
Carl WhitakerMarket Analyst, RealPage, Inc.
Carl Whitaker is a market analyst with RealPage’s Data Analytics division. He brings a background in geography and demographics, analyzing the apartment sector and creating in-depth reports and presentations for clients. Carl has previously worked as an analyst for Axiometrics and for a commercial real estate consulting company whose clients included multifamily property owners where he conducted demographic analysis and analyzed demand for land uses. He holds a Master of Science in Geography.