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The vitality and economies of U.S. downtowns have steadily improved since 2020. This major new CCD/CPDC report measures the recovery rates of 26 U.S. downtowns since then using various metrics, including employment, hotel occupancy, retail sales, and housing prices and rents.
Following a successful launch in September, CCD is pleased to announce that Open Streets: West Walnut will return for two Sundays during the holiday season.
CCD released its 2024 real estate development report, highlighting the continued evolution of downtown Philadelphia.
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.
CCD continues to provide accessible, outdoor programming for all ages with the return of summer events and amenities in CCD-managed parks.