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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.
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.
Building Out From The Core examines housing development in Greater Center City and in immediately adjacent neighborhoods; documents the impact of employment growth and demographic trends on recent development; and looks at affordability issues in a comparative context.
Winter celebrations in Dilworth Park don’t need to end with the holidays! Now through February 26, ice skate at the Rothman Orthopaedics Ice Rink and cozy up in the Rothman Orthopaedics Cabin. In the Wintergarden, enjoy twinkling lights and reindeer topiaries through March 26.
CCD continues to provide exciting seasonal amenities at Dilworth Park into the New Year, including the Rothman Orthopaedics Ice Rink and Cabin and the Wintergarden.
A guide for converting the upper floors of older commercial buildings to residential use.
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.