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Before summer 2021 had even begun, the housing market in Philadelphia was heating up. Demand for most types of housing remained high across the greater Philadelphia area in May for the third consecutive month, according to a June report by Bright MLS.
Bright MLS research found that demand across the region was driven by a combination of low mortgage interest rates and an improving economy. It noted that buyer demand in May had exceeded the previous year’s levels in 11 of the preceding 12 months.
Will the multifamily segment of Philadelphia’s housing market remain sunny, or are there clouds in the forecast?
Find out at Bisnow’s Philly Multifamily Update event on Aug. 4. Brokers, owners, developers, investors, architects, general contractors, engineers and lawyers will convene in person at the Philadelphia Marriott Downtown to discuss hot neighborhoods and the future of high-end condos in and around the City of Brotherly Love.
Register here for this event where you will find answers to these and other questions:
Does the current demand for Class-A multifamily housing have legs?
Will there be pressure to lower rents?
Remote work looks like it is here to stay. Will that fuel development of more multifamily housing, particularly in areas that haven’t seen much activity recently?
The Neighborhood Preservation Initiative proposes millions of dollars to preserve Philadelphia neighborhoods. How could that affect affordable housing development?
What does the post-pandemic future of Class-B apartments look like in Philadelphia’s suburbs?
Scheduled speakers and panelists at the event include:
Brian Emmons, vice president with Southern Land Co.
Allison Bradshaw, a partner with LEM Capital.
Christine Beechan, area vice president with Morgan Properties.
Marshall Friday, ADT Multifamily director of sales.
Gary Jonas, managing partner with HOW Properties.
Gregory Reaves, Mosaic Development Partners co-founder and owner.
Dailey Tipton, vice president at Evolution Energy Partners.
Rebecca Frisch, Post Brothers vice president of design.
David Waxman, founder of MMPartners.
Kyle Speece, regional vice president of development for Conifer Realty.
Visit here to register or get more information about Bisnow’s Philly Multifamily Update.
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