Development Boom in Philly Goes Up
By: CocoAppleStore
New Construction October edition has just released its report about city development and it stated that October was the most disastrous month in the last 192 months for new construction. Despite that, there is some good news for Center City real estate. The condominiums and apartment development is up by 44%! Besides, the construction rates is a good indicator of the health of the market. If the real estate developers feel that the market will rise up eventually, they will invest in the market and build. For example, Center City Philadelphia’s new developments is focused on multi-family, therefore, the multi-family construction factor really matters. After all, the trend looks bright.