Building Costs Per Square Foot in the City of Philadelphia (PA), USA

Philadelphia 25 Good St PA19119 - 4 Bed and 4 Baths with Open Parking on Gross Floor Area 3,300 sqft - Built in 2021 - Price $565,000 (2)

Newly Built Townhouse/Rowhouse in Philadelphia 25 Good St PA19119 – 4 Bed and 4 Baths with Open Parking on Gross Floor Area 3,300 sqft – Built in 2021 – Price $565,000 (2)

Philadelphia 25 Good St PA19119 - 4 Bed and 4 Baths with Open Parking on Gross Floor Area 3,300 sqft - Built in 2021 - Price $565,000 (3)

Backyard of New Townhouse in Philadelphia 25 Good St PA19119 – 4 Bed and 4 Baths with Open Parking on Gross Floor Area 3,300 sqft – Built in 2021 – Price $565,000 (3)

Residential Construction Market Analysis in the City of Philadelphia, USA

Building costs are 11% above the national average in the City of Philadelphia in Pennsylvania, equivalent to the city of Hartford, Fitchburg, Newark, Valley Forge, Warminster and Seattle. Philadelphia is the main city of the state of Pennsylvania and is located right next to Washington. It is a city known worldwide due to a large number of movies and series that take place or were recorded there. This means that it always captures the interest of people from all over the world.

Philadelphia is the sixth-largest city from the United State and the third most populous urban center. It has an economy that grows constantly, with their very own factories and farms working all year round.

The foregoing promotes a dynamic and attractive real estate market, which in turn offers the following advantages for investors who plan to diversify their investment in times of crisis, or for people who are looking for their first home and want to do it in a big city.

In this article, we will give all our attention to this city, specifically its real estate market. Here you will be able to know what the construction outlook is like in this city, what are the values ​​that the real estate market manages, and what is expected in residential construction throughout this year and in the near future.

Philadelphia Construction Outlook

The city of brotherly love is one of the cities in the United States that has been going through a significant change in its demographics and at the same time a visible increase in it, during the last few years. This is because the economy shifted from labor-based activities to a focus on jobs based primarily on technology, knowledge, and information services.

Pages: First |1 | 2 | 3 | ... | Next → | Last | Single Page