North Philadelphia may be the next frontier for commercial real estate investing in the city. According to The Pew Charitable Trusts, Philadelphia is ranked as America’s most poverty-stricken large city, with 26% of the population struggling with poverty and unemployment, and most of this financial hardship is concentrated outside the city center in areas such as North and West Philadelphia. Taking this into account (in addition to the city’s infamously high tax rates), it’s no surprise that many investors aren’t rushing to invest in the Northern parts of the City of Brotherly Love. Despite these apparent drawbacks, investors might want to step back and reevaluate. North Philadelphia is a potential “gold mine” of both present and future investment opportunities. It is, for lack of better words, a true diamond in the rust.

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