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ATTOM’s Building Permit Data for Philadelphia, PA

Home > Real Estate Data > Property Data > Nationwide Building Permit Data > Philadelphia, PA Building Permit Data

Projects are Booming in Downtown Philadelphia, Pennsylvania

Building projects in Philadelphia, PA, are booming. At the end of 2020, approximately 10,000 apartment units were under construction, and several projects were moving through the building permit application and approval process. By mid-2021, several residential buildings were also under construction in the city.
Building Permits Data
Permits Data

Construction on a $100 million, 20-story apartment building in the center city is scheduled, with nearly 400 units and 11,000 square feet of commercial space. The project is due to be completed by summer of 2023. Despite higher vacancy levels in the city due to the COVID-19 epidemic, the market is expected to strengthen and vacancy rates bounce back.

Philadelphia weathered the pandemic better than some cities with fewer residents leaving the city compared to New York City or Boston. Property data shows that home values have inched up, and rental prices dropped marginally. The pandemic did briefly halt construction, but overall activity remained comparable to pre-COVID times due to projects already in the pipeline. Still, it remains to be seen if labor shortages and supply chain delays will disrupt planned developments.

PA Skyline

ATTOM’s data shows the trends emerging as cities slowly recover from the pandemic and attempt to ramp up activity. Tracking and identifying building permit applications is one way to anticipate the real estate market and make better business decisions.

Identify post and pre-sale improvements to residential and commercial properties for more accurate valuations.

Let ATTOM’s Building Permit Data Tell the Whole Story

ATTOM’s building permit data tells the life story of a residential or commercial property. Find out what work has been done and what needs to be done on a property based on historical and active permits. Get the deeper story and a 360° view of activity including:

  • Classification of Permit Type (i.e., Solar Installation, Foundations, Roofing, etc.)
  • Permit Status
  • Cost of Job
  • Description of Job
  • Contractor Information

ATTOM’s data uses machine learning and normalization to accurately classify project work such as solar panel installation or remodeling.

Using building and property data, insurance companies, real estate professionals, marketers, property investors, appraisers, and hedge funds can better assess a property’s risk and value. Permit classifications show work done on a property and what work needs to be done based on the data for comparable properties.

Be better informed with ATTOM’s building permit data.

Get ATTOM’s Building Permit Data for Philadelphia, Pennsylvania Right Away – It’s Quick and Easy!

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