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CCD released its 2024 real estate development report, highlighting the continued evolution of downtown Philadelphia.
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.
New report documents how Philadelphia’s antiquated tax structure restrains job growth and hinders the reduction of poverty, while limiting funding for education.
A new report from CCD/CPDC, Firing on All Cylinders: Growing Jobs and Small Business by Expanding the Traded Sector, compares Philadelphia to five other U.S. cities. It documents how Philadelphia lags in many other traded employment sectors, but suggests that if we replicate the success achieved by others and commit to steadily more competitive tax rates, we will grow more family-sustaining jobs and a prosperous network of small, local businesses.
Philadelphia has emerged as a standout performer in employment growth among major U.S. cities, according to the Philadelphia Employment Report 2025, which examined 15 years of job market data. The report reveals that despite ongoing challenges in the office sector, Philadelphia has demonstrated remarkable resilience and growth in its overall employment base.
Our latest monthly report suggests two ways to view Philadelphia’s steady, but slow job recovery and outlines why Philadelphia and other major northeast cities are lagging their regions and what can be done about it.