Office & Employment

This Center City District and Central Philadelphia Development Corporation monthly report on the Philadelphia economy and the vitality of Center City shows that the employment rebound in the summer and fall began to stall in November. By contrast, housing markets remain strong and restaurants are finding multiple ways to sustain their business. Once a well-organized vaccination program begins nationally with sufficient supply and major employers begin to reopen their offices, signs should point to a more robust recovery by spring 2021.

This CCD, CPDC report examines business density and the disparities between the number of Black-owned and white-owned businesses in Philadelphia and compares them to four other East Coast cities.

The 2019 Developments Report includes a map and full-color photos or renderings and project descriptions of all 62 major developments in Center City, categorized by type. New for 2019, an interactive map that features all of the information found within the publication.

After decades of job loss, Philadelphia has enjoyed nine straight years of job growth that accelerated in 2014. Despite the recent upturn however, the city has rebounded more slowly than most peer cities.

This report highlights the direct relationship between Philadelphia’s antiquated tax policy, slow job growth and high poverty rate and suggests a path to more robust, citywide growth.

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