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Successful street closure pilot program results show pronounced economic impact and increased foot traffic, suggest opportunity for future iterations.
Center City continued its steady process of recovery in June and during the first three weeks of July with pedestrian volumes in July reaching 92% of 2019 levels. During the month of June, the combined number of residents, workers and visitors were up 2% from the previous month.
This special edition of the CCD and CPDC quarterly newsletter documents this extraordinary year in photos and features CCD President, Paul R. Levy's letter, Ready to Rebound in 2021.
Examining housing development in Greater Center City, the balance between supply and demand, and potential impediments to Philadelphia’s revival.
The just-updated Monitoring Philadelphia’s Economic Recovery monthly report from Center City District/Central Philadelphia Development Corporation provides a snapshot of current conditions and an overview of 2021 based on key economic indicators, commercial office and housing market trends, local tax revenues, transit ridership, parking volumes and pedestrian activity in Center City.
After decades of economic contraction, Philadelphia has added jobs for nine straight years, an unbroken growth streak not seen since the boom years of World War II.