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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.
Can downtowns in the U.S. rebound and prosper? This fundamental question lingers more than three years after the global pandemic. This report seeks to counter misinformation and provide some of the data that can assist when making decisions and choosing actions that best support a robust and inclusive process of recovery.
Center City's retail occupancy rates, pedestrian volumes, retail sales and jobs are continuing to rise and are approaching levels last seen in 2019, according to Center City Retail Report, November 2023.
With pedestrian volumes on Center City sidewalks last month reaching the highest point since March 2020, the CCD is expanding its existing clean and safe programs by launching an additional uniformed, unarmed bicycle safety patrol within the District during afternoon and evening hours. This new shift will focus on entertainment and dining areas from 3 p.m. to 11:30 p.m. to support significant increase in returning shoppers, visitors & workers.
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.