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Today at CPDC’s quarterly meeting, Center City District (CCD) released its annual State of Center City 2019, a data-driven compendium, organized by employment sector, that examines the latest trends in both in Center City and in the broader Philadelphia economy.
A new CCD/CPDC report, Center City Pedestrian Counts, November 2022, documents that pedestrian volumes in October 2022 in the commercial core reached 77% of the October 2019 level, showing steady growth throughout 2022. The rate of increase has been greatest in the commercial office district and the successful return of major conventions is clearly visible in the volume recorded by CCD sensors at 12th and Market Street.
CCD will welcome the return of winter events and attractions in Dilworth Park in November.
The total number of workers, residents and visitors in Center City continued to rise in October 2023 to 82% of October 2019 levels, with the largest increases among workers and residents. Overall, the upward trend in pedestrian volumes for the last three and a half years is showing no signs of having reached any plateau.
Many of the most iconic buildings and landmarks in Philadelphia will shine blue next Tuesday in honor of World Health Day and the heroic health care workers and first responders battling the COVID-19 pandemic.
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.