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The vitality and economies of U.S. downtowns have steadily improved since 2020. This major new CCD/CPDC report measures the recovery rates of 26 U.S. downtowns since then using various metrics, including employment, hotel occupancy, retail sales, and housing prices and rents.
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.
CCD's annual report examines how downtown Philadelphia’s social and economic systems have evolved amid the profound challenges of the past four years.
With pedestrian volumes on Center City sidewalks last month reaching the highest point since March 2020, the CCD is expanding its existing clean and safe programs by launching an additional uniformed, unarmed bicycle safety patrol within the District during afternoon and evening hours. This new shift will focus on entertainment and dining areas from 3 p.m. to 11:30 p.m. to support significant increase in returning shoppers, visitors & workers.
Center City District (CCD) has partnered with several of Philadelphia’s nationally recognized performing arts organizations to offer exclusive discounts on tickets during CCD’s Dinner and a Show promotion. From March 1 through May 31, attendees can purchase reduced price admission to performances hosted at select venues across Center City, with more than 35 shows to choose from.
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.
Building Out From The Core examines housing development in Greater Center City and in immediately adjacent neighborhoods; documents the impact of employment growth and demographic trends on recent development; and looks at affordability issues in a comparative context.
This annual housing report examines Center City Philadelphia's residential sector momentum and 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.
Our latest monthly report suggests two ways to view Philadelphia’s steady, but slow job recovery and outlines why Philadelphia and other major northeast cities are lagging their regions and what can be done about it.