Bisnow looked at the new wave of multifamily construction reaching Philadelphia's suburbs, where demand for quality apartment homes continues to outpace supply. Suburban Philadelphia now ranks among the most competitive rental markets in the country, with occupancy near 95 percent. AVE has delivered luxury apartment communities in Blue Bell, Malvern, and King of Prussia, and it joined the conversation through Lea Anne Welsh, President of AVE and COO of Korman Communities, and Jeffrey Brown, AVE's Director of Development.

Welsh expressed confidence that thoughtfully designed residences will always find eager residents in the region. She pointed to a growing desire for flexibility that has broadened the renter pool considerably. That shift is especially clear among empty nesters between 40 and 70, who make up a large share of residents at AVE's suburban Philadelphia communities. More of them are choosing an elevated, carefree apartment lifestyle over staying in a home they own.

This momentum is guiding AVE's next suburban community. AVE Horsham will bring 274 new apartment homes to 723 Dresher Road, reimagining the site of a former office building. Welsh explained that AVE's nearby Blue Bell community was valuable during approvals, because the team could welcome local leaders on tours and share data showing its positive impact. Brown emphasized that patience and deep local knowledge are essential in the Philadelphia suburbs, where entitlement timelines can run about twice as long as in Sun Belt markets like Tampa, Austin, and Phoenix. He also noted that AVE confirmed the existing building could be renovated before purchasing the site, so the team had a solid plan either way.

The article also considered how proposed SEPTA service changes could affect the region. Welsh shared her view that suburban multifamily communities should see little effect unless they are truly transit-oriented, with retail and service sectors more likely to feel the change. Taken together, AVE's insights show a brand with a clear read on the region and a continued commitment to helping residents across suburban Philadelphia Live Better®.

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