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Philadelphia’s largest employment center and fastest growing residential section is showing unprecedented signs of growth and new investment, according to the newly released State of Center City, 2016, produced by the Center City District (CCD) and Central Philadelphia Development Corporation (CPDC).
Center City District SIPS is back, and it’s not just bars and restaurants that benefit.
Beginning this September, Center City District will introduce a full lineup of fall events at Dilworth Park, including a weekend-long Octoberfest, free concerts and the fifth anniversary of Philly’s premiere public space.
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.
This report by CCD, CPDC examines disparities between the number of Black-owned and white-owned businesses in Philadelphia and compares them to four other East Coast cities
Op-ed by CCD president and CEO Paul Levy, on recent proposals to tax development in the city.
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.