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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.
Jobs are back, salaries are rising, Center City’s population continues growing, conventions, tourism and retail are all rebounding, and pedestrian vitality is almost fully restored in many portions of the downtown. Office vacancy, however, is rising, challenged by a partial return to office and reinforced by a wage tax that encourages suburban residents to remain remote.
Following a successful launch in 2024, CCD is pleased to announce that Open Streets: West Walnut will return for each Sunday in April.
A new report from CCD/CPDC, Firing on All Cylinders: Growing Jobs and Small Business by Expanding the Traded Sector, compares Philadelphia to five other U.S. cities. It documents how Philadelphia lags in many other traded employment sectors, but suggests that if we replicate the success achieved by others and commit to steadily more competitive tax rates, we will grow more family-sustaining jobs and a prosperous network of small, local businesses.
Celebrate the season kickoff at Rothman Institute Ice Rink and honor America’s veterans with an opening ceremony dedicated to those who have served.
Our new “Philadelphia Retail” report details demographic and economic trends fueling more than $9 billion in development currently being invested in downtown
CCD SIPS has redefined the happy hour scene in Philadelphia. This June 5 through August 28, more than 80 bars and restaurants will participate, with Dilworth Park, Cret Park and Sister Cities Park all included and offering an experience unlike the others.