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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.
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.
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.
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.
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.
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.
Dilworth Park remains a safe, outdoor destination for Philadelphians throughout the rest of the winter season. The Rothman Orthopaedics Ice Rink, the Rothman Orthopaedics Cabin and the Wintergarden on the Greenfield Lawn can be enjoyed through February 28, featuring a variety of free activities. Increased health and safety protocols, like mandatory mask wearing and social distancing, continue in accord with State, City and CDC guidelines.
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.