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Philadelphia’s Population Surged in 2024 - Wolf Commercial Real Estate
Summary by Wolf Commercial Real Estate | South Jersey | Philadelphia PA
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Philadelphia’s Population Surged in 2024 - Wolf Commercial Real Estate
Between 2019 and 2024, the Philadelphia metro area added an estimated 88,100 residents—its strongest five-year growth in decades. Remarkably, over half of that growth occurred in 2024 alone, signaling a sharp acceleration. This surge has fueled apartment demand, with nearly 10,200 units leased in 2024, second only to the 2021 post-pandemic boom. According to U-Haul’s Midyear Migration Trends, new residents are primarily relocating from New York …
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