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The newly released Quarterly Market Update Q4 2025 looks at the ever-shifting dynamics in Center City’s office market. The report brings together building performance with the latest research to provide a holistic look at both the economic environment and the on-street experience for Center City workers.
This winter Dilworth Park is holiday central. Rothman Institute Ice Rink and Cabin and the Philadelphia Holiday Market are back, plus the park will be turned into a Wintergarden with fun new attractions and programming.
Storefront occupancy is rising in key corridors. Occupancy ticks down due to major brands contracting nationwide, but growth continues on Walnut Street and East Market corridors.
Nearly two years after Philadelphia offices were ordered to close as the first COVID-19 cases were detected, and more than a year after vaccinations got underway, Center City and University City companies are continuing to adapt and remain flexible, while strongly valuing the importance of in-office work and a downtown presence, according to a CCD survey. CCD distributed a survey to employers to gauge their current stance on in-office and remote work, their plans for the first quarter of 2022, and factors they were weighing in making workplace decisions.
Philadelphia's post-pandemic recovery is at a critical juncture. Center City has recaptured 90% of foot traffic, and a residential population exceeding 2019 levels. But now, that progress is threatened by sweeping and drastic service cuts coupled with significant fare increases to balance SEPTA’s budget in the absence of additional state funding.
Philadelphia’s dense, compact live-work downtown and relatively flat topography are excellent preconditions for bicycle commuting.
Hay bales and cornstalks and pumpkins, oh my! Beginning Friday, October 11 through Sunday, October 13, Dilworth Park’s annual fall festival, Octoberfest, will return for a three-day celebration of all things autumn.