You Searched
The Center City District's quarterly newsletter. In this issue- How to accelerate the city's growth; our 2018 budget; Foundation news; summer at Dilworth and more.
This edition of the CCD and CPDC quarterly newsletter includes: CCD President, Paul R. Levy's cover essay about economic recovery and the return to work, fall events in CCD parks, shopping, dining and entertainment promotions, CCD’s partnership with Project HOME, the Center City District Foundation, CCD/CPDC Reports and a recent CPDC hardhat tour.
This new CCD/CPDC report analyzes the housing sector recovery in Philadelphia. While the pandemic impaired many parts of Philadelphia’s economy, both Greater Center City and citywide housing markets showed extraordinary resilience in the last year, buoyed by historically low interest rates and continued interest in city living.
Center City’s commercial core is experiencing a sustained process of recovery, with new businesses opening and existing retailers moving to new, often larger locations, according to the just-released CCD/CPDC Center City Retail Update. In the first quarter of 2022, taxable retail sales in the core of Center City reached 94% of 2019 levels and restaurant sales reached 74% of 2019 levels.
This report details how workers in Center City and the region arrive at their jobs and the impact these choices have on Philadelphia's downtown economy.