Pebblebrook Hotel Trust (NYSE: PEB) said Sept. 6 that it plans to pay approximately $5.2 billion to acquire LaSalle Hotel Properties (NYSE: LHO) – ending a series of revised offers that followed Pebblebrook’s first attempt to buy its fellow lodging REIT in March
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REIT returns slipped in September, with interest rate concerns undercutting gains made during the previous month.
The total returns of the FTSE Nareit All REITs Index fell 2.4 percent in September, while the S&P 500 rose 0.6 percent. In August, the FTSE Nareit All REITs Index rose 2.3 percent. The total returns of the FTSE Nareit Mortgage REIT Index fell 1.0 percent in September, while the yield on the 10-year Treasury note rose 0.2 percent. In August, the yield on the 10-year Treasury note was flat.
As of October 2017, average rent for an apartment in Philadelphia, PA is $1580 which is a 15.38% decrease from last year when the average rent was $1823 , and a 0.44% decrease from last month when the average rent was $1587.
One bedroom apartments in Philadelphia rent for $1404 a month on average (a 17.95% decrease from last year) and two bedroom apartment rents average $1738 (a 21.35% decrease from last year).
| Beds | Rent |
|---|---|
| All beds | 1,580 |
| 1 beds | 1,404 |
| 2 beds | 1,738 |
The average apartment rent over the prior 6 months in Philadelphia has decreased by $62 (-3.8%)
One bedroom units have decreased by $54 (-3.7%) and two bedroom apartments have decreased by $115 (-6.2%)
| Neighborhood | Rent |
|---|---|
| Fairmount-Spring Garden | 2,193 |
| City Center West | 2,109 |
| Riverfront | 2,073 |
| City Center East | 2,056 |
| North Central | 1,851 |
| Poplar-Ludlow-Yorktowne | 1,835 |
| Wharton-Hawthorne-Bella Vista | 1,823 |
| Cobbs Creek | 1,623 |
| Fishtown | 1,588 |
| Schuylkill Southwest | 1,557 |
| South Philadelphia | 1,532 |
| Hartranft | 1,524 |
| Chestnut Hill | 1,520 |
| Kensington | 1,464 |
| Pennsport-Whitman-Queen | 1,436 |
| Wynnefield | 1,410 |
| Manayunk | 1,395 |
| Belmont | 1,384 |
| Roxborough | 1,311 |
| East Falls | 1,305 |
| Brewerytown | 1,300 |
| Point Breeze | 1,261 |
| Girard Estates | 1,215 |
| Alleghany West | 1,208 |
| Marconi Plaza-Packer Park | 1,195 |
| Holmesburry-Torresdale | 1,160 |
| Mount Airy | 1,152 |
| Eastwick | 1,075 |
| Torresdale | 1,074 |
| Richmond | 1,022 |
| Germantown | 1,006 |
| Academy Gardens | 1,006 |
| Summerdale | 1,000 |
| Strawberry Mansion | 975 |
| Bustleton | 965 |
| Morris Park | 947 |
| Somerton | 944 |
| Cedar Brook | 924 |
| Oxford Circle | 917 |
| Mayfield | 912 |
| Grays Ferry | 899 |
| Tioga-Nicetown | 882 |
| Byberry | 880 |
| Haddington-Carroll Park | 877 |
| Fox Chase | 873 |
| Rhawnhurst | 859 |
| Oak Lane | 824 |
| Wissanoning | 798 |
| Hunting Park | 794 |
| Logan-Fern Rock | 794 |
| Fairhill | 789 |
| Olney | 767 |
| Frankford | 761 |
The most expensive Philadelphia neighborhoods to rent houses in are Fairmount-Spring Garden, City Center West, and Riverfront.
The least expensive Philadelphia neighborhoods to rent houses in are Frankford, Olney, and Fairhill.
Whether or not you’ve added members of the family or just added extra stuff, in case you are feeling crowded, it might be time to maneuver on. As you household grows, you’ll inevitably want more room. Not only for folks, however for all that extra objects ! Or perhaps you might be working from house, and really want that workplace to achieve success. Have you ever all the time wished a person (or lady) cave however have by no means had area? No matter your motive, in case you are restricted in your personal house, and including an addition isn’t possible, it’s time to go!
However, in case your children have moved out, or the home merely feels too huge, it is perhaps time to consider downsizing right into a smaller house. Not solely will the house require much less upkeep, however you’ll save on utility and property taxes. Offloading years off accrued “stuff” could be a huge stress aid and even put some money in your pocket must you maintain an property sale. Cleansing a house and sustaining a big yard can change into more and more burdensome as you become old.
While you moved in, it was a quiet neighborhood with just a few households. However now, there are main roads working by, a espresso store on the nook and folks and visitors all over the place! Possibly crime charges have risen, or the addition of contemporary properties has affected your property taxes. Do you reside someplace with a inflexible HOA? In case you don’t LOVE the neighborhood you reside in, you may wish to take into consideration relocating to a location you’ll love!
Do you end up all the time complaining in regards to the warmth and humidity? Or perhaps that you’re nonetheless getting snow in Might and you might be sick and uninterested in it! No one ought to reside in a spot the place they’re sad. Cease losing time dwelling in a local weather that you simply aren’t suited to. Now it the time to promote, and relocate to a spot the place you may benefit from the climate 12 months spherical!
Spending time along with your family and friends is so essential in sustaining your happiness. Commute occasions are longer than ever and individuals are spending hours a day of their automobile or on public transport. In the long term, lacking out on high quality time, and feeling stress to get house earlier than the children go to sleep, aren’t the type of recollections most individuals wish to make. Transferring nearer to your job will prevent time, cash and decrease your stress ranges!
PHILADEPHIA, PA 19134
(267) 507-5453
mail@sellourhousephilly.com
