Multifamily has been a very strong sector since the pandemic so there is and will continue to be a lot of competition in this space. 

And the tax free portion you can use to invest in any other sector inside or outside real estate.And the biggest bonus - you won't get to ever get all of the gain tax free. 

If you look at the job sectors that were affected most, it was hospitality which would include restaurants and travel.

New York developer Silverstein Properties, which bought the building this year for $430 million, hopes to make the imposing tower more appealing to businesses in creative fields that have often turned their backs on high-rises in favor of newer campus-like properties with outdoor space and leisure-oriented amenities.

So cashflow hasn't gone down as much as real estate values have gone up.We see it in the commercial and multi-family sectors as well.  

To go with your stat, Philly has 4.4% of employment coming from tech sector as of 2019 which is much less than that of Austin.

These questions will guide you to the right sector of real estate.

I also selfishly want use of the indoor aerial space for my own leisure and training.

You can likely file your LLC in Delaware that adds extra layers of protection and has decades of precedent in the business sector.

These questions will guide you to the right sector of real estate.