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This new CCD/CPDC report analyzes the housing sector recovery in Philadelphia. While the pandemic impaired many parts of Philadelphia’s economy, both Greater Center City and citywide housing markets showed extraordinary resilience in the last year, buoyed by historically low interest rates and continued interest in city living.
Philadelphia’s Rail Park, inspired by New York City’s High Line, is one of 19 projects included in the High Line Network – a group of infrastructure reuse projects across North America.
Downtown Rebounds examines 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.
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 Center City District/Central Philadelphia Development Corp. annual housing report reveals unprecedented growth in Greater Center City's residential sector, with residential development reaching a 5-year high in 2024, according to new CCD research.
The vitality and economies of U.S. downtowns have steadily improved since 2020. This major new CCD/CPDC report measures the recovery rates of 26 U.S. downtowns since then using various metrics, including employment, hotel occupancy, retail sales, and housing prices and rents.
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.
Center City District is getting set to celebrate fall with a season-long schedule of events for the whole family at Dilworth Park. The autumn lineup, supported by The Met Philadelphia, opening in December, includes the return of perennial favorites and the addition of brand-new programming.
Philadelphia’s largest employment center and fastest growing residential section is showing unprecedented signs of growth and new investment, according to the newly released State of Center City, 2016, produced by the Center City District (CCD) and Central Philadelphia Development Corporation (CPDC).
Center City District (CCD) is launching an advertising campaign across multiple media platforms to promote Philadelphia’s restaurants during the coldest winter months from January through March. The new campaign encourages the public to patronize restaurants through takeout orders, because not all restaurants have been able to install heated outdoor dining areas and the return to indoor dining will probably be gradual when it begins.