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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.
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.
From pop-up shops and markets to an eclectic mix of contemporary retailers, and independent boutiques, Center City’s lively urban setting creates a diverse, ever-changing destination that attracts shoppers seeking the ultimate holiday experience in the region.
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.
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.
This CCD/CPDC annual housing report examines Center City Philadelphia's residential sector momentum and the cumulative effects of three decades of growth, the rebound from 2020 and its impact on housing markets, new and upcoming residential developments and homeownership trends, and the status of the rental market.