Stay updated with breaking news from Yardi Matrix. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/cloudfront-us-east-1.images.arcpublishing.com/pmn/X3LRUVZIEREIXGUSTDUSBESGNU.jpg)
In 2023, Philly ranked in the top 10 cities with the smallest apartments built over the last decade, according to RentCafe. An Inquirer graphic uses a basketball court's 3-point zone for comparison.
Hotels converted into apartments led the housing surge but converted office space is likely to lead future developments.
In 2023, Conwood Flats opened, bringing 137 new apartments to a former warehouse. Conwood II is now under construction to put units in a 1950s factory.
April inflation reading brings hope for soft landing scenario in US economy; S&P 500, ETFs pricing in Fed rate cuts; purchasing power down since 2017.
Last year, 245 self-storage construction projects were abandoned, more than double the number from the year before, according to Yardi Matrix.