Thoughts on Temple University area investments
Hi Philly Investors! What are your thoughts on investing in the Temple University area in the current situation? Right now it seems there will be a hybrid of on-line and live classes, but it could change.
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@Liliya Patton I think Temple is one of the more difficult micro-markets in Philly right now. There is a two-way squeeze from the smaller student population in the area due to COVID and the abundance of new high-rise buildings in the area aggressively trying to fill vacancies.
Go on Zillow and put in a couple filters (3BR/2BA) and search for all rentals in Philly. You can visually see all of the available units in the greater Temple area. Vacancy is a problem right now.
We rent units all over Philadelphia and I really think Temple is one of the more difficult neighborhoods currently. Will things lighten up in a year or two? Your guess is as good as mine.
- Kevin Moyer
