SREA recently developed a proprietary analytical tool, the Rapid Growth Matrix (“RGM”), to assist in the identification of rapidly growing submarkets in the extended Center City Philadelphia District. RGM compiles key housing market indicators from census data such as vacancy rates, median rents, home value appreciation and population, to name a few, and compares year-over-year historical growth to those same indicators of the City of Philadelphia. Aggregating the useful information provided by the census data helps SREA identify specific submarkets as rapid growers compared to overall City growth rates.
SREA has identified several rapid growth neighborhoods in the City and looks to become a part of each identified neighborhood’s growth and development through strategic investment and redevelopment opportunities.