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The just-updated Monitoring Philadelphia’s Economic Recovery monthly report from Center City District/Central Philadelphia Development Corporation provides a snapshot of current conditions and an overview of 2021 based on key economic indicators, commercial office and housing market trends, local tax revenues, transit ridership, parking volumes and pedestrian activity in Center City.
As Philadelphia marks the two-year anniversary of the mandated citywide COVID-19 shutdown on March 16, 2020, Center City continues to show promising signs of recovery, buoyed by rising numbers of pedestrians who are supporting increases in retail and restaurant sales, local tax revenue, new store openings and downtown vibrancy.
Center City continued to show promising signs of recovery throughout the summer months, buoyed by returning conventions and office workers and increasing numbers of pedestrians who are contributing to rising retail and restaurant sales, local tax revenue, new business openings and increases in convention travel and hotel occupancy.
On September 29, 2020, CPDC hosted a virtual membership meeting to discuss the findings and challenges outlined in the recent CCD/CPDC report, Getting More Philadelphians Back to Work: Business Density and the Role of Black and Minority Owned Businesses.
This 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.
Since 2015, more people had been moving from New York City to Philadelphia than had been moving from Philadelphia to New York City, based on a CCD analysis of Census data.
Just-released CCD retail report details current retail scene, latest trends, and survey responses from consumers about their most-desired businesses
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.