This Center City District/Central Philadelphia Development Corp. annual housing report reveals unprecedented growth in Greater Center City's residential sector, with residential development reaching a 5-year high in 2024, according to new CCD research.

Among the key findings: 

• Greater Center City accounted for 44% of all Philadelphia housing completions last year while comprising less than 6% of the city's total land area.
   
• The 19123 ZIP code alone accounted for a quarter of all new housing units in Philadelphia last year, with approximately 2,000 new units completed. 
   

• Core Center City's population grew by another 3% in 2024, compared to just 0.2% growth for the city overall.

• In 2024, Greater Center City saw the second-highest absorption rate of the past decade, with 2,400 more units occupied at year-end than at the beginning of the year.

For a narrative of trends, along with explanatory charts and maps, read or download the new 24-page housing report on Issuu at Center City Housing Report 2025.