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Storefront occupancy is rising in key corridors. Occupancy ticks down due to major brands contracting nationwide, but growth continues on Walnut Street and East Market corridors.
The 75-page State of Center City, 2017 report has been released, utilizing the latest research, original reporting and analysis, plus charts and photos to present a downtown that has progressed a long way, but presents a few lingering challenges.
Center City continued to show promising signs of recovery throughout the summer months, buoyed by returning conventions and office workers and increasing numbers of pedestrians who are contributing to rising retail and restaurant sales, local tax revenue, new business openings and increases in convention travel and hotel occupancy.
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.
CCD welcomes the arrival of autumn with a full lineup of free-to-attend programs starting in September at parks and public spaces across Center City, including Dilworth Park’s 10th anniversary, a hay maze and events for office workers.