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Citywide employment has fully rebounded from the spring 2020 shutdown with 2.4% more jobs in October 2023 than in February 2020. But there is a difference between the return of workers to payrolls and the return of full vitality to Center City. The report suggests ways to accelerate the job growth and business formation rates in Philadelphia.
For two decades, the fastest growing residential section of Philadelphia has been Greater Center City. In 2022, the downtown rebound was built on decades of success: At just 5.8% of the city’s land area, Greater Center City accounted for 48% of the city’s total supply of new housing units.
As a preview of this year's State of Center City report, a look at Center City's retail makeup.