Philadelphia Multifamily Cap RatesMedian Property Price: $388,987;. Philadelphia, PA 19107 View OM $925,000 604 S Washington Sq #1816 Multifamily 604 S Washington Square Philadelphia, PA 19106 View Flyer virtual tour $1,300,000 1222-1224 Chancellor Street Midtown Village 8 Unit Add Value Apartment Building! Perfect for Airbnb Conversion! 1222 Chancellor St Philadelphia, PA 19107 View Flyer virtual tour $2,700,000. 90% Lowest Multi-Family Home. Cap Rates on the Decline As commercial prices continue to firm up, cap rates continued to decline. Q3 2021 Small Multifamily Metro Area Cap Rate Trends. Cap rates in metro areas outside of the top 50 (“Other”) averaged 5. 3 billion in 2021 was nearly double 2019's previous record of $193. Nevertheless, we believe that multifamily cap rates will rise slightly during the second half of the year, from the current rate of about 4. In addition, we expect a resurgence in the flow of foreign capital targeting multifamily assets. Over the past year, multifamily cap rates in all asset classes fell by an average of 54 bps. Multifamily investment is now moving into secondary and tertiary neighborhoods, with the 52nd and 63rd Street corridors as prime targets. Multi-Family Homes for Sale in 2021 Multi-Family Home Cap Rate by City Range: From 0. 67 Year Built 1900 Zoning RM4 Marketing Description. San Jose’s cap rate dropped to 3. 3 percent, according to data from Real Capital Analytics, rates are estimated to have ended 2021 at 4. 7% in September, after three months of increases. Apartment Property Valuation has the data to determine cap rates for multifamily apartments across the entire state. 3 billion in 2021 was nearly double 2019’s previous record of $193. CAP Rates for Apartment/Multifamily Properties in. 9 billion in dry powder earmarked for North American commercial real estate; however, in the first half of 2023, activity is likely to be sluggish as price dislocation and valuations are scrutinized. Capitalization rate (Cap Rate) calculates the ratio of the property's Net Operating Income (NOI) to its asset value. 12 Unit Apartment Building Offered at $2,940,000 at a 7. Still A Bright Spot: New York City Multifamily Q1 2023. Around-the-corner knowledge and multi-national expert insights and data-driven intelligence to help you unlock economic, social, and environmental value in your commercial real estate decisions. Traditional Cap Rate: 2. Multifamily Economic and Market Commentary. 1830 Rittenhouse Square, Philadelphia, PA 19103 Show on Map Date Added May 5, 2023 Days on Market 0 days Time Since Last Update 52 minutes Details Property Type Multifamily Subtype Apartment Building Square Footage 3,017 Price/Sq Ft $1,176. multifamily, retail, industrial) across cities and states using market information. Below are the cap rate details for the city of Philadelphia, PA. There is no maximum on loan size. Below are the cap rate details for the city of Philadelphia, PA. Entrance is on Letitia St (Wm Penn's Daughter Was Letitia). The unemployment rate in Philadelphia dropped to 5. 9%, followed by industrial at 5. 1830 Rittenhouse Square, Philadelphia, PA 19103 Show on Map Date Added May 5, 2023 Days on Market 0 days Time Since Last Update 52 minutes Details Property Type Multifamily Subtype Apartment Building Square Footage 3,017 Price/Sq Ft $1,176. Pennsylvania Apartment Cap Rates. 7 Philadelphia Neighborhoods with High Cap Rates. You can filter by state by using the drop box. 30% 2 Week Close Emergency Bridge Loan *Please Call for Details Featured in. The 2023 Influencers in Multifamily Real Estate will be profiled in the October issue of GlobeSt. 4% is well above any historical precedent. Commercial Real Estate Investment in U. 30 yr Apartment Building Loans. Philadelphia Pennsylvania, Apartment/Multifamily Loans ">Philadelphia Pennsylvania, Apartment/Multifamily Loans. The average Philadelphia investment property can generate a good return on investment, regardless of the rental strategy: Monthly Traditional Rental Income: $1,450 Traditional Cap Rate: 2. For example, a property worth $14 million generating $600,000 of NOI would have a cap rate of 4. Meanwhile, "Despite the cap rate freefall in Cincinnati, Memphis. A new report from CBRE (CBRE) found that cap rates for Class A multifamily properties experienced their first significant quarterly deceleration since the Federal Reserve began raising interest rates last March, suggesting the asset class could be less risky for investors going forward. Cap Rates in Cities Across the Country. The maximum loan is 85% LTV for a purchase, 85% for a rate and term refinance, and 80% for a cash out refinance. In the higher interest rate environment, cap rate spreads are. Cap rates in metro areas outside of the top 50 ("Other") averaged 5. In a departure from precedent, Tier 2 metros, a collection of eight MSAs that includes Atlanta, Denver, Miami, Minneapolis, Philadelphia, Phoenix, San Diego and. Loan-tovalue (LTV) ratios max out at 80 percent for banks and the agencies, Fannie Mae, Freddie Mac, and the Federal Housing Administration. Still, they are below their fourth-quarter 2019 level of 4. These Markets Saw Apartment Cap Rates Fall the Most in Q1. Looking forward to 2022, CBRE expects the yield on the 10-year Treasury to increase to 2. Record annual investment volume of $335. 11 billion, a 39% drop from Q1 2022, Ariel's Q1 2023 Multifamily Quarter in Review shows. The multifamily sector is at an inflection point. 7 percent, slightly lower than the East regional and national average capitalization rates of 6. Meanwhile, we forecast rents to grow by a modest 3. Average Asking Rent (Price/SF) $9. That means that you can expect a roughly 4. [2] Tier 2 and Tier 3 metros followed with 5. 78%, becoming the second-lowest cap rate among the top 50 markets, behind Phoenix, at 3. The smallest size loan is $2,000,000. Traditional Cap Rate: 3. Please note that more than 250 CBRE real estate professionals completed the H2 2022 Cap Rate Survey with real-time market estimates between mid-November and December. Philadelphia multifamily loans with 24 hr written approvals and NO upfront application fees. May 01, 2023 Sale of six, loan assumption L. National Multifamily Report – March 2022. Cap Rate in Philadelphia PA. On average, cap rate estimates are up 60 bps from the H1 2022 Cap Rate Survey reflecting substantial monetary tightening by the Federal Reserve and wider. With a pipeline of more than 400,000 units currently under construction, 2022 deliveries are expected to exceed 2021. Multifamily occupancies and rent growth are coming down from record highs while rapidly rising interest rates and volatility in the capital markets have led to a slowdown in multifamily lending. Although national multifamily cap rates started 2020 at approximately 5. Multi Family Homes for Sale in Philadelphia. The Federal Housing Finance Agency (FHFA) established a $78 billion cap on multifamily purchase volumes for Fannie Mae and Freddie Mac for 2022, up 11. CAP Rates for Apartment/Multifamily Properties in …. Nominate Now for Multifamily Influencers. “The average multifamily going-in cap rate increased by 38 basis points (bps) to 4. At the end of 1Q23, sublease inventory in Greater Philadelphia was 5. Rising interest rates are unlikely to push cap rates up this year, counter to what many investors may believe, according to new analysis from Marcus & Millichap. Record annual investment volume of $335. Meanwhile, year-over-year rent growth hit 11. ” Ultimately, the pair say tight. Philadelphia Apartment Loan Rates. 75 percent range for 10-year loans, allowing buyers to bid aggressively for low cap-rate deals. Measured quarter over quarter, cap rates fell the most in Tier 2 metros, declining 24 bps from the end of 2020 (Chart 2). 1830 Rittenhouse Square, Philadelphia, PA 19103. The cap rates are calculated as 1. Over the past year, multifamily cap rates in all asset classes fell by an average of 54 bps. Quick Hit: Biggest Apartment Sale in Philly History Done at 4. Small multifamily cap rates in metropolitan areas outside of the top 50 (“Other”) averaged 5. One other factor that caused the multifamily sector to stall in 2022 is that buyers expected cap rates to increase commensurate with the rise in interest rates, but sellers. Austin Cap Rate. In the middle is a 15 year fixed Fannie Mae loan at 3. Multifamily Cap Rates">Rising Cost of Capital Squeezing Multifamily Cap Rates. For your convenience we have included the average cap rate, along with the highest and lowest cap rate data point in the city. Because hotel occupancies are now extremely low, cap rate estimates are based upon hypothetical stabilized NOIs. Also, Class AA office assets are expected to be relatively insulated. Cap Rates in Cities Across the Country">Cap Rates in Cities Across the Country. 01% Cap Rate in Philadelphia, PA Apartment Buildings Pennsylvania Philadelphia 6600 Lansdowne ave, Philadelphia, PA 19151 Investment Highlights New Construction | Overbrook Neighborhood Ground Floor Commercial | 1,289 Square Feet Spacious Units | Average 1,041 SF. Figure 6: Cap Rate Growth Expectations by Sector and Class. A new report from CBRE says that going-in cap rates rose 33 basis points to 4. In January of 2022, the most popular commercial real estate for sale – we are talking about. Cap rates tend to have a narrower range than interest rates, particularly over the short term, Gilbert said. The unemployment rate in Philadelphia dropped to 5. The Federal Housing Finance Agency (FHFA) established a $78 billion cap on multifamily purchase volumes for Fannie Mae and Freddie Mac for 2022, up 11. One of the best interest rates is from a life company at 3. San Jose's cap rate dropped to 3. We have also included the breakdown by property type with the average, highest and lowest cap rate. Cap Rates: Ultimate Real Estate Investing Guide. Cap Rate List by US City and Property Type. May 12, 2023. Interest rates are in the 3. Current Marketbeats Q1 2023 Philadelphia CBD Office Report Leasing activity in the Philadelphia CBD totaled 208,198 square feet in the first quarter of 2023, a year-over-year decrease of 21. Multifamily Cap Rate Report. Aggressive monetary stimulus weighed on interest rates in 2020 and contributed to a decline in cap rates through 2021. Cap rates for industrial real estate decreased by an average of 79 basis points nationally, while multifamily cap-rate compression averaged 31 basis points in infill markets and 41 basis points in. Rent growth has been slowing after two years of strong increases, and like every other asset class, the apartment sector has been affected by the. 2-acre piece of land in Cape Cod. The warehouse sector has been the main driver. Philadelphia maintained solid momentum in terms of recovering from a difficult 2020. Q1 2021 Small Multifamily Metro Area Cap Rate Trends. -28% -80% -60% -40% -20% 0% 20% 40% 2018. The Sellers Have Spared No Expense in Upgrading This Unit. 30% 2 Week Close Emergency Bridge Loan *Please Call for Details. 0 on a scale of 1 to 10, with 10 being high. In 2021, FHFA set a $70 billion volume cap for each Enterprise and a 50% mission-driven minimum percentage with 20% at 60% AMI. For your convenience we have included the average cap rate, along with the highest and lowest. 7327A-7331 W Chester Pike, Upper Darby, PA. 2200 Arch St, Philadelphia, PA 19103. 8M square feet, which is nearly 500,000 square feet or 9. 3% — a level that will maintain a healthy spread relative to. City: Philadelphia State: PA County: N/A Average: 9. Multifamily • 2 Units 210 Locust St Philadelphia, PA 19106 View Flyer $499,000 211-25 S 4th St #406 Multifamily 211-25 S 4th St #406 Philadelphia, PA 19106 View Flyer $579,500 211-25 S 4th St #103 Multifamily 211-25 S 4th St #103 Philadelphia, PA 19106 View Flyer $1,595,000 149 N 3rd St. 2% Average Airbnb Daily Rate: $122 Monthly Airbnb Rental Income: $1,949 Airbnb Cap Rate: 2. Tier 1 metros maintained the lowest average small multifamily cap rates through the first quarter of 2021, averaging 4. Vice President, Research & Modeling. Vacancy rates increased to 5. In the second quarter, they jumped 39 bps (their biggest increase in a quarter ever) — marking a 72 bps increase over six months. San Diego Cap Rate. Industrial accounts for 55% of the asset segment expected to see the least expansion. Multifamily Report – March 2022. Though annual growth rates were 8. For example, if a building’s cap rate is 4. In a departure from precedent, Tier 2 metros, a collection of eight MSAs that includes Atlanta, Denver, Miami, Minneapolis, Philadelphia, Phoenix, San Diego and Seattle, had the lowest average small multifamily cap rates in the third quarter of 2021, coming in at just 4. Trepp recently released an analysis on cap rates on how recent sales continue to hover around 4% of 2021 NOI. Multifamily investment volume increased by 73% quarter-over-quarter in Q4 to $148. Commercial Real Estate Trends & Outlook April 2021. Find the cap rate for apartment properties in Philadelphia Calculate the value of your real estate How It Works It takes less than four minutes and is completely free! Median. The multifamily sector is at an inflection point. 10 key trends impacting commercial real estate in 2023. growth rate slid 50 basis points to 14. CapRateIndex tracks the capitalization rate and trends, of a diverse range of property types (eg. 1 billion, the second largest annual sum on record and 75. When it comes to multi-housing, we have witnessed that 4 percent cap rate become a 3 percent cap rate, and. Philadelphia Apartment loans made easy. County multi-housing properties closes for. Multifamily real estate investing. 3% in 2020 due to the pandemic impacts but otherwise had not been above 5% since 2011. Multifamily rents increased for the second month in a row in April, rising $5 to $1,709, according to a new report from Yardi Matrix. Philadelphia Apartment Loan Rates Over $6,000,000 Rates (start as low as) LTV. Find the cap rate for apartment properties in Philadelphia Calculate the value of your real estate How It Works It takes less than four minutes and is completely free! Median Multifamily Cap Rates for Top 50 Largest Metropolitan Statistical Areas (MSAs) Median Multifamily Cap Rates for Top 200 Largest Counties Across the US. 18% + 212 bps + 2 bps National Averages 1 /Spreads Regional Rates Comparison - Class B Multifamily (Fig. Many other loan programs for Multifamily real estate investing, Property Investments, and rental property with the lowest rates nationwide. Influencers will additionally gain recognition on GlobeSt. Philadelphia commercial real estate is at a point where we are seeing core centers reemerge and link together, driving market value changes Mixed Use Multifamily. Cap - Discount Rate ∆ 2014 Cap Rate South Region East Region Central Region West Region Urban 5. Apartment / Multifamily Loans - Philadelphia Pennsylvania, Fannie Mae Apartment/Multifamily Loans (503)376-7303 Nationwide Since 1997 Everyday 8am to 9pm Eastern Multifamily Mortgage Bankers and Brokers since 1997 Get Your Free Multifamily Loan Quote HOT SHEET 10 Year Fixed at 5. Source: Valuation VIEW Data points are confirmed closed transactions adjusted for assumed financing and reflect overall market trends. Multifamily Outlook">2023 Multifamily Outlook. 4 million divided by 5 times 100. 75 percent range for 10-year loans, allowing buyers to bid aggressively for low cap-rate. Strong investor demand for industrial and multifamily assets also led to falling cap rates. Multifamily investment volume increased by 73% quarter-over-quarter in Q4 to $148. 15M sale of Cape Cod land closes JLL Capital Markets closed the sale of and arranged the acquisition financing for Chases Ocean Grove, a 19. This level of liquidity should facilitate strong value growth. 7% through last quarter — the highest mark of any group. The CRS captures 3,600 cap rate estimates across more than 50 geographic markets to generate key insights from a wealth of data. San Antonio Cap Rate. Apartment Loans - Cap Rates in Philadelphia, Pennsylvania (503)376-7303 Nationwide Since 1997 Everyday 8am to 9pm Eastern Multifamily Mortgage Bankers and Brokers since 1997 Get Your Free Multifamily Loan Quote HOT SHEET 10 Year Fixed at 5. Current Marketbeats Q1 2023 Philadelphia CBD Office Report Leasing activity in the Philadelphia CBD totaled 208,198 square feet in the first quarter of 2023,. Download Full Report Q1 2023 Philadelphia Suburban Office Report. 20 Letitia St, Philadelphia, PA 19106. 1% by year-end 2023, a 30-bps increase from where 2022 is expected to end. Figure 6: Cap Rate Growth Expectations by Sector and Class. Tier 2 and Tier 3 metros followed with 5. In the meantime, here is the data on the average multi family investment property in the Philadelphia housing market. 2%; Average Airbnb Daily Rate: $122; Monthly Airbnb Rental Income: $1,949; Airbnb Cap Rate: 2. 6%, depending on economic conditions and the property supply and demand balance in a given market. Unit 3b is a Large 2 Bedroom Plus 2. The Best Philadelphia Neighborhoods for Airbnb Rental. Multifamily • 2 Units 210 Locust St Philadelphia, PA 19106 View Flyer $499,000 211-25 S 4th St #406 Multifamily 211-25 S 4th St #406 Philadelphia, PA 19106 View Flyer $579,500 211-25 S 4th St #103 Multifamily 211-25 S 4th St #103 Philadelphia, PA 19106 View Flyer $1,595,000 149 N 3rd St. 2022 Multifamily Market Outlook: Defying Gravity. 8 percent on a year-over-year basis, bringing the overall average rent to an all-time high of $1,642, up $14. Hotel properties had the highest cap. 5+M Market -4% -3% -3% -3% -2% -2% -1% -1% 0% 1% 2% 3%. The average Philadelphia investment property can generate a good return on investment, regardless of the rental strategy: Monthly Traditional Rental Income: $1,450 Traditional Cap Rate: 2. Commercial Real Estate Expert Insights And Research. 12% for a 35 year fixed FHA loan, to 3. This rate of increase was recorded for both market-rate and upscale rental assets. The cap rate is the ratio of net operating income (NOI) to the acquisition price of the asset. Rent performance during the first quarter of 2022 also marked a record, with rents up 2. A survey of recent multifamily sales done by Trepp in September revealed that implied cap rates continued to remain at just under 4% of 2021 NOI last month. Find the cap rate and property valuation for apartment buildings and mixed-use real estate in cities across the US. CCIM designees and candidates rat-ed the performance of the retail mar-ket a 7. Here's how fast Philadelphia apartment rents are growing …. Measuring Up Philadelphia & the Growth To Come. Inflation's Influence on Multifamily Buyers. Newmark presents the Fourth Quarter 2022 United States Multifamily Capital Markets Report. Philadelphia Cap Rate. CRE investors more confident in early 2021 but pricing for some …. Meanwhile, “Despite the cap. On September 13, 2019, FHFA announced a revised cap structure that applied to all multifamily business (no exclusions) and implemented minimum mission-driven percentages. The NOI calculation is based on net income less operating expenses. The Rise in Multifamily Cap Rates Is Slowing, New Data Suggests. Philadelphia maintained solid momentum in terms of recovering from a difficult 2020. Since the beginning of 2020, Greater Philadelphia’s industrial market has grown at a torrid pace as absorption, new construction, and asking rents have all reached new highs. 4 million divided by the cost of construction equals 7%, right? If the market in this area is willing to pay a 5 cap, then the value of the building when he completes it is going to be 1. This rate of increase was recorded for both market-rate and upscale rental assets. Multifamily prices have risen by 23 percent year over year as. multifamily, retail, industrial) across cities and states using market information. Exit cap rates, or the rate used to estimate a. Tier 3 metros followed closely behind, ticking down 3 bps. Philadelphia Industrial Market. 3% annual operating cash flow given the price paid. On September 13, 2019, FHFA announced a revised cap structure that applied to all multifamily business (no exclusions) and implemented minimum mission-driven percentages. 79% for a 5 year fixed community bank loan. The CRS suggests that strong fundamentals will limit the yield expansion within the multifamily and industrial sectors. Calculated by dividing a property’s net operating income by its asset value, the cap rate is an assessment of the yield of a property over one year. 2022 Multifamily Caps for Fannie Mae and Freddie Mac. Calculated by dividing a property’s net operating income by its asset value, the cap rate is an assessment of the yield of a property over one year. In 2021, FHFA set a $70 billion volume cap for each Enterprise and a 50% mission-driven minimum percentage with 20% at 60% AMI. 2200 Arch St, Philadelphia, PA 19103 Show on Map Date Added May 5, 2023 Days on Market 0 days Time Since Last Update 5 minutes Details Property Type Multifamily Subtype Apartment Building Square Footage 2,139 Price/Sq Ft $583. Multifamily transaction volume in New York City in Q1 2023 declined to $2. The interest rate on. Mixed Use Multifamily Cap rates are at historic lows, major out-of-town REITS are investing, and development continues at a feverish pace in Philadelphia. Yields in Tier 2 metros fell the most, declining 8 bps from second-quarter 2021 (Chart 3). For your convenience, the list also includes the average cap rate for the main property types: Single-Family, Multi-Family, Retail, Office, Industrial, and Specialty. The forces in play are creating significant. Cap Rate List Use the Cap Rate List tool to search for the average Cap Rate (Capitalization Rate) by top US cities and states. In the CBD and suburbs, multiple blocks over 70,000 square feet were made available. 3% in 2022--a level that is likely to maintain a healthy spread relative to real estate cap rates. In Q4 2021 apartment cap rates reached a low of 4. 7%, down 30 basis points since the prior year, according to apartment transaction data tracked by Real Capital Analytics that the National. FHA multifamily has non-recourse, and assumable financing for both purchasing and refinancing of apartment buildings. 05/07/2023 in philadelphia, pennsylvania Apartment/Multifamily loan rates start from 5. Our baseline forecasts show an increase in vacancy rates, up to 5. Cap rates are at historic lows, major out-of-town REITS are investing, and development continues at a feverish pace in Philadelphia. 7% increase quarter-over-quarter. 2% for multifamily from Q3 2021 to Q3 2022, a sustained average growth rate of 5. Find the cap rate for apartment properties in Philadelphia Calculate the value of your real estate How It Works It takes less than four minutes and is completely free! Median Multifamily Cap Rates for Top 50 Largest Metropolitan Statistical Areas (MSAs) Median Multifamily Cap Rates for Top 200 Largest Counties Across the US. The CRS suggests that strong fundamentals will limit the yield expansion within the multifamily and industrial sectors. Apartment and multifamily loan rates range from 2. Philadelphia, PA; Phoenix, AZ; Pittsburgh, PA. 2% on a trailing three-month (T3) basis to $1,589 as of October. Q4 Quarterly Sales Volume (YoY % Change) as of 2021 Q1 REALTOR® CRE Markets $2. Philadelphia Market Reports. Measured quarter over quarter, cap. 5%; Airbnb Occupancy Rate: 49%. 49% in Q4 2022, exceeding the pre-pandemic Q4 2019 average of 4. Capitalization rate (Cap Rate) calculates the ratio of the property's Net Operating Income (NOI) to its asset value. This rate of. 6600 Lansdowne ave, Philadelphia, PA 19151. 10-Year Treasury and ACLI All Commercial Property Capitalization Rates – 1Q1980 – 1Q2022. Despite record deliveries, the occupancy rate in stabilized properties went up 70 basis points in 12 months, reaching 96. Commercial real estate, which is an appreciating asset during times of inflation. Use the Cap Rate List tool to search for the average Cap Rate (Capitalization Rate) by top US cities and states. 36% for a 10 year fixed with 30 year amortization. Multifamily investment volume increased by 73% quarter-over. For example, a property worth $14 million generating $600,000 of NOI would have a cap rate of 4. The overall asking rent is $212 higher than it was in March 2021. Philadelphia Apartment Loan Rates - Rates updated May 8th, 2023. CAP Rates for Apartment/Multifamily Properties in Philadelphia Pennsylvania. Interest rates are in the 3. 0% greater than the 2015-2019 average. Philadelphia, PA 19122. The Waterbridge Condominium is a Mid Size Condominium is Olde City Assembled From Several Historic Buildings. Average rent for an apartment in the Philadelphia MSA grew from $1,400 in the first quarter of 2020 to $1,554 in the third quarter of 2021, with the majority of that. Here’s What Rising Interest Rates Mean For Cap Rates. 90% Highest Multi-Family Home Cap Rate: Camden real estate market, 6. 75 percent range for five-year money and the 4. 78%, becoming the second-lowest cap rate among the top 50 markets, behind Phoenix, at 3. Apartment acquisitions had the lowest cap rate of 4. For your convenience, the list also includes the average cap rate for the main property types: Single-Family, Multi-Family, Retail, Office, Industrial, and Specialty. Over the past two years, average multifamily capitalization rates have further compressed, as seen in the chart below. 0%; Walk Score: 86; Start your search for high cap rate properties for sale in Philadelphia neighborhoods right now. Amid slower absorption, rents were still up. Despite a slowdown in transaction volume throughout the second half of 2022, investment sales volume for the year totaled $294. 5 Baths Unit With Almost 2200 Sq Ft, 10' 2 Ceilings. CBRE expects the yield on the 10-year Treasury to increase to 2. Dallas Cap Rate. The forces in play are creating significant shifts in the city’s commercial real estate makeup and geography. Property Investments and rental. 92 Year Built 1900 Zoning CMX5 Marketing Description Welcome to 2200 Arch Street, Unit #1211!. The transaction-based capitalization rate for Philadelphia area retail prop-erties is 6. Investor appetite for multifamily remains robust, with $233. These transit-oriented neighborhoods are perfect for multifamily development to house the talent that is needed in the research labs and manufacturing facilities as well as supportive services. Philadelphia Multifamily Report. 2023 Multifamily Outlook. Mixed Use Multifamily Cap rates are at historic lows, major out-of-town REITS are investing, and development continues at a feverish pace in Philadelphia. Traditional Cap Rates by City in 2021: Expected. We provide cap rates, gross rent multipliers and expense comparables for properties in Philadelphia, Pittsburgh, Allentown, Erie, Reading, Scranton, Bethlehem, Lancaster and many other cities in the state. In lockstep with nationwide trends, Philadelphia's multifamily market continued to slow down, while still displaying relatively healthy fundamentals. Find the cap rate and property valuation for apartment buildings and mixed-use real estate in cities across the US. Find the cap rate for apartment properties in Philadelphia Calculate the value of your real estate How It Works It takes less than four minutes and is completely free! Median Multifamily Cap Rates for Top 50 Largest Metropolitan Statistical Areas (MSAs) Median Multifamily Cap Rates for Top 200 Largest Counties Across the US. 5% Airbnb Occupancy Rate: 49%. 02% + 213 bps + 7 bps Suburban 5.