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The newly released Quarterly Market Update Q2 2025 looks at the ever-shifting dynamics in Center City’s office market. The report brings together building performance with the latest research to provide a holistic look at both the economic environment and the on-street experience for Center City workers.
CCD President & CEO Prema Katari Gupta's cover essay offers a research-driven glance into downtown Philadelphia's residential growth and what it indicates for Center City, office and retail occupancy and the decrease of serious crime. Also inside: CCD Parks summer events, employee appreciation breakfast recap, the recently published State of Center City annual report and much more.
In this spring edition of the CCD/CPDC quarterly newsletter, President & CEO Prema Katari Gupta's essay, Celebration and Stewardship, reveals the newly created vision, mission, and value statements of CCD. Prema also explains that in times of citywide celebrations, all roads inevitably lead to the streets and public spaces of Center 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.
CCD President & CEO Prema Katari Gupta's cover essay outlines CCD's continued focus on "clean and safe," the expanded services we are committing to these priorities and the improvements the city has made and challenges we still face. Also inside: research reports, spring events, renovations on Jewelers’ Row and more.
Center City District (CCD) has retained a group of local artists to create a major display of new banners, currently being installed across Center City, to coincide with the partial reopening of businesses and the gradual return of workers and visitors to the downtown.
For two decades, the fastest growing residential section of Philadelphia has been Greater Center City. In 2022, the downtown rebound was built on decades of success: At just 5.8% of the city’s land area, Greater Center City accounted for 48% of the city’s total supply of new housing units.
Center City Philadelphia holds 43% of all jobs citywide with a workforce from every neighborhood in the city, with more than 100,000 being employed in the office district. This spring and summer, Center City District (CCD) will celebrate and support Center City in-office employees by hosting free, outdoor events on West Market and JFK Boulevard.