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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.

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.

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.

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.