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Recovery is progressing by nearly all measures: employment, hotel occupancy, retail and restaurant sales, transit ridership, pedestrian volumes and city tax collections are all up. Job recovery is slow but steady and most significantly, Philadelphia’s unemployment rate fell in October, to the lowest point since 1990.
For two decades, the fastest growing residential section of Philadelphia has been Greater Center City. In 2022, the downtown rebound was built on decades of success: At just 5.8% of the city’s land area, Greater Center City accounted for 48% of the city’s total supply of new housing units.
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.
Just out now- the 2018 edition of our annual report, which distills and analyzes a wealth of data to examine Philadelphia’s current successes and challenges; candidly highlight our shortcomings; and make policy recommendations to address those deficiencies.
Center City District SIPS is back, and it’s not just bars and restaurants that benefit.
The Center City District's quarterly newsletter. In this issue- a look at our new Plan and Budget; CSR profile; our new website and much more.
CCD is celebrating workers who are back in the office — and encouraging others to join them — with a series of morning and afternoon events.
New research examines housing development in Greater Center City, the balance between supply and demand, and potential impediments to Philadelphia’s still limited revival; also proposes solutions to create more affordable housing.
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.