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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.
Recovery in Center City is gaining momentum. Workers are returning to offices; transit ridership and hotel occupancy are rebounding; arts and cultural institutions are welcoming audiences. The State of Center City 2022 tracks trends by industry.
Center City continued its steady process of recovery in June and during the first three weeks of July with pedestrian volumes in July reaching 92% of 2019 levels. During the month of June, the combined number of residents, workers and visitors were up 2% from the previous month.
Center City District report documents positive trends around jobs, population, retail, leasing, and a $2.14 billion development pipeline while noting the need for progress in three crucial areas.
In 2018, 2,810 new housing units were completed in Greater Center City – the largest number since Center City District began tracking the market almost 20 years ago. Strong growth is continuing at the beginning of 2019 with 3,017 more housing units under construction in Greater Center City.
This edition of the CCD and CPDC quarterly newsletter includes: CCD President, Paul R. Levy's cover essay about the current status of recovery in Center City and what’s required from local leaders, a new promotion in CCD’s leadership team, streetscape improvements, the return of seasonal amenities to CCD Parks and the latest initiatives supported by CCDF.
Philadelphia’s dense, compact downtown and relatively flat topography are excellent for bicycle commuting. A survey and report by CCD shows the cycling numbers have reached a plateau.