The two most influential factors affecting cities’ downtown recovery are industry mix and commute times, according to new research by the Center City District. That’s a positive sign for Philadelphia, which boasts a diverse mix of downtown land uses and a growing Center City residential population.
Center City District analyzed the downtowns of 26 cities across the country using anonymized cell phone data from Placer.ai to measure how populated each downtown is, comparing 2023 to pre-pandemic 2019.
Philadelphia ranked fifth in percentage of residents, workers and visitors in the downtown core in the second quarter this year compared with the second quarter of 2019.
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.
Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.