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Center City District SIPS is back, and it’s not just bars and restaurants that benefit.
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.
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 report by CCD, CPDC examines disparities between the number of Black-owned and white-owned businesses in Philadelphia and compares them to four other East Coast cities
Op-ed by CCD president and CEO Paul Levy, on recent proposals to tax development in the 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.
The 75-page State of Center City, 2017 report has been released, utilizing the latest research, original reporting and analysis, plus charts and photos to present a downtown that has progressed a long way, but presents a few lingering challenges.
Center City's retail occupancy rates, pedestrian volumes, retail sales and jobs are rising and approaching levels last seen in 2019, according to Center City Retail Update: July 2023, a new report released by the Center City District/Central Philadelphia Development Corporation.