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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.
The winter installment of Center City District Restaurant Week (CCDRW) wrapped up this past Sunday, with over 90 local eateries participating in the bi-annual dining deal. Celebrations, however, are just beginning as the program looks forward to welcoming a landmark occasion this fall. In September of 2023, CCDRW will return to commemorate its 20th anniversary.
Center City District SIPS is back, and it’s not just bars and restaurants that benefit.
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.
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.
Center City Philadelphia continues to demonstrate its robust growth trajectory with 66 major development projects either completed, under construction, or in planning stages. The just-released 2025 Center City Real Estate Development Report provides images and key details for these projects, which span from Girard Avenue to Tasker Street, river to river.
This new CCD/CPDC report examines the current state of the downtown restaurant and retail sectors. Using pedestrian, transit and parking occupancy counts and detailed visual surveys of almost 2,000 retail premises, conducted by CCD staff, the report provides a close-up look at business conditions, supplemented with information from the commercial office sector, employment trends, housing market data and ecommerce trends.