Both Philadelphia and Pittsburgh are in the midst of multi-year building booms. More than 4,000 apartment units were built in the two cities last year.
For many years in Pittsburgh, new apartment buildings weren’t a priority: the city had plenty of available housing stock and, despite a steady flow of college students, fairly pedestrian demand. But in 2012, 958 new units were built. The next year, that number jumped to 3,227 and hasn’t fallen below 2,100 since, according to Jeff Burd, president of Tall Timber Group, an information service for the construction industry.