Curbed Philly has an interesting statistic showing a snapshot of how much development is expected in Philadelphia during 2018. According to their numbers, we could potentially see over double the new construction that we saw in 2017!
But while Philly saw 3.3 million square feet of new construction deliver this year, apparently we haven’t seen nothing yet. A staggering 8 million square feet of construction is on the way in 2018. Still, 2017 did have some winning projects leave their marks on Philly’s skyline in more ways that one.
How this will affect the local real estate markets, is yet to be seen but if you’re an investor interested in investing in Philadelphia or the suburbs, 2018 could be a great year!