A new company, FixList, has launched a lead generation tool for developers, lenders and nonprofits to find and evaluate real estate investment opportunities in the Philadelphia market. FixList recently published a useful report to recap the issuance of new construction permits in Philadelphia during 2017. Here are a few of the many interesting highlights:
- Overall the market for new construction is remains robust. In 2017, the City of Philadelphia issued 1301 new construction permits, an 8.6% growth year over year from 2016.
- There were several neighborhoods where year over year growth in the number of new construction permits issued exceeded 10%
- So, where are the new hot spots for potential growth and opportunity in the city? FixList indicates the following neighborhoods as markets to watch:
- Grays Ferry
- West Philadelphia
- Brewerytown/Strawberry Mansion
Drill down for the finer details of this analysis…go to: http://blog.fixlist.co/2018/01/29/fixlist-market-report-new-construction-2017/