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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.
Foot traffic in the core of Center City rises through late 2022 and into 2023
CCD is supporting Center City’s recovery through deployment of additional sidewalk ambassadors, bike patrols and homeless outreach teams in partnership with public and private security.
New research examines housing development in Greater Center City, the balance between supply and demand, and potential impediments to Philadelphia’s still limited revival; also proposes solutions to create more affordable housing.
CCDF is approaching its fundraising goal for planting 200 new trees in the central business district during the next two years through its initiative, Plant Center City.