ESI president Stephen Mullin is quoted in a story by NextCity.org’s Emma Jacobs on the current boom of construction and development in Philadelphia, particularly in Center City.
The story discusses the demand for new construction and housing in Philadelphia, why there is so much demand for both and tries to forecast the near future of that demand.
An excerpt from the story:
“However, Stephen Mullin says that in a metro region with six million residents, it doesn’t take too many people changing their behavior to result in market shifts. That is to say, the suburbs don’t have to empty out for the city to require new housing. Mullin, president of Econsult Solutions, adds that ‘for 50 years, Philadelphia basically had no new, quality housing.'”