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This report from the CPTMA, CPDC and CCD is part of a continuing conversation about how better to manage traffic congestion in Center City. It builds upon the March 2018 Keep Philadelphia Moving report.
Join us at the Trestle Inn the first Wednesday of each month from 5-8pm for a happy hour to support the Rail Park
Center City District (CCD) is launching an advertising campaign across multiple media platforms to promote Philadelphia’s restaurants during the coldest winter months from January through March. The new campaign encourages the public to patronize restaurants through takeout orders, because not all restaurants have been able to install heated outdoor dining areas and the return to indoor dining will probably be gradual when it begins.
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.
CCD, CPDC report suggests that Philadelphia should increase its commitment to quality of life investments and resume its prior commitments to tax reduction, in order to retain and attract residents and businesses and spur widespread and inclusive private-sector job growth.
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.
This CCD, CPDC report suggests that Philadelphia should increase its commitment to quality of life investments and resume its prior commitments to tax reduction, in order to retain and attract residents and businesses and spur widespread and inclusive private-sector job growth.
Downtown Rebounds examines the cumulative effects of three decades of growth, the rebound from 2020 and its impact on housing markets, new and upcoming residential developments and homeownership trends, and the status of the rental market.