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For two decades, the fastest growing residential section of Philadelphia has been Greater Center City. In 2022, the downtown rebound was built on decades of success: At just 5.8% of the city’s land area, Greater Center City accounted for 48% of the city’s total supply of new housing units.
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.
City and state officials, philanthropic organizations, cultural and business leaders, neighbors and civic groups joined CCD President and CEO Paul R. Levy and members of the public for a ribbon cutting ceremony to celebrate the official opening of Phase 1 of the Rail Park.
This CCD, CPDC report suggests that Philadelphia should increase its commitment to quality of life investments and resume its prior commitments to tax reduction, in order to retain and attract residents and businesses and spur widespread and inclusive private-sector job growth.