The apartment market in Center City continued to show signs of strength in 2014 but there are some indications that 2015 will be a telling year for the local multifamily sector as projects get completed and more units become available.
In Center City, landlords of Class A apartments saw rents surge by 3.7 percent to $2,128 a month, or $2.23 a square foot, and the vacancy nudge up slightly to 5.7 percent from 5.5 percent.
Though healthy, there are some cracks starting to appear.
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