US EditionPhilly Multifamily Investors Talk Recession As New Construction Tapers Off
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Philly Multifamily Investors Talk Recession As New Construction Tapers Off
Multifamily investors in Southeast Pennsylvania are wading through a difficult mix of hyper-local market constraints and limited access to capital amid broad economic uncertainty. Entitlement issues in the suburbs and oversupply in the city have joined forces with high interest rates and ballooning construction costs to hamper multifamily development across the region. “We think we’re sort of in year three of a commercial real estate recession,”…
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