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report

Monitoring Philadelphia's Economic Recovery

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Center City continued to show promising signs of recovery throughout the summer months, buoyed by returning conventions and office workers and increasing numbers of pedestrians who are contributing to rising retail and restaurant sales, local tax revenue, new business openings and increases in convention travel and hotel occupancy. A key measure of office sector recovery is the number of non-resident workers physically located in Center City, which increased to 56% of the pre-pandemic level in August.  

The latest report, Monitoring Philadelphia’s Economic Recovery, a quarterly report from Center City District/Central Philadelphia Development Corporation provides an overview of current conditions based on key economic indicators, including employment, commercial office market trends, retail and tourism data, tax collections, transit ridership, air travel, parking volumes and pedestrian activity in Center City.

For a narrative of trends, along with explanatory charts tracking the recovery, download the 11-page report at- Monitoring Philadelphia's Economic Recovery, September 2022.