Thoughts on Temple University area investments

[Liliya Patton]

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.

[Kevin M.]

@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.