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For the last two decades, Greater Center City has been the fastest growing residential section of both Philadelphia and the entire region. After a temporary dip in population, the number of downtown residents on sidewalks in Center City had rebounded to 2019 levels by the end of 2021. Rents and home sale prices held up and the number of newly-permitted residential units in both Center City and citywide reached the highest point in decades in 2021.
The return to shopping and dining will be slow and gradual, influenced by how well and consistently businesses address public concerns about public health and safety, as well as the City of Philadelphia’s flexibility in encouraging the expanded use of public space to accommodate seating and waiting lines, according to results of a new CCD survey of Philadelphia residents.
After decades of job loss, Philadelphia has enjoyed nine straight years of job growth that accelerated in 2014. Despite the recent upturn however, the city has rebounded more slowly than most peer cities.
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.
The newly released Quarterly Market Update Q2 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 edition of the CCD and CPDC quarterly newsletter includes: CCD President, Paul R. Levy's cover essay, highlighting the importance of accelerating Center City's recovery; CCD 2022 Budget Details, Outreach & Public Safety, Introduces CPDC's new Executive Director, CCD/CPDC Reports and Spring & Summer in Center City.
Beginning Monday, November 21, the west façade of Philadelphia’s historic City Hall comes to life for the 6th year with the return of the Deck the Hall Light Show presented by Independence Blue Cross in Dilworth Park. Every evening through New Year’s Day, the historical architecture of City Hall will be illuminated with the creative work of Philadelphia-based, art and design studio Klip Collective.
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.