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This CCD/CPDC 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.
New report shows 185,000 residents, 300,000 workers, 3.1 million occupied hotel room nights and more than 117,000 college students generate more than $1 billion in annual retail demand for Center City Philadelphia.
Citywide employment has fully rebounded from the spring 2020 shutdown with 2.4% more jobs in October 2023 than in February 2020. But there is a difference between the return of workers to payrolls and the return of full vitality to Center City. The report suggests ways to accelerate the job growth and business formation rates in Philadelphia.
One of Philadelphia’s most eagerly awaited foodie traditions returns January 14-26, 2018 with over 120 participants offering an exciting and delicious variety of dishes for a great price.
For the last two decades, Greater Center City has been the fastest growing residential section of both Philadelphia and the entire region. After a temporary dip in population, the number of downtown residents on sidewalks in Center City had rebounded to 2019 levels by the end of 2021. Rents and home sale prices held up and the number of newly-permitted residential units in both Center City and citywide reached the highest point in decades in 2021.
Philadelphia’s dense, compact downtown and relatively flat topography are excellent for bicycle commuting. A survey and report by CCD shows the number of bike commuters is up.
Center City's retail occupancy rates, pedestrian volumes, retail sales and jobs are rising and approaching levels last seen in 2019, according to Center City Retail Update: July 2023, a new report released by the Center City District/Central Philadelphia Development Corporation.
CCD and Mural Arts Philadelphia are pleased to announce a streetscape enhancement project to bring original works of art to a variety of downtown businesses that have been temporarily shuttered due to the current health crisis.
13-day culinary promotion supporting Center City Philadelphia restaurants to include prix fixe lunch and dinner with takeout options.