Center City is thriving, report says

PhiladelphiaCenter City is thriving, according to the “State of Center City, 2013″ report.

“The report documents a turnaround in the residential real estate market,” according to the 72-page assessment presented Monday by Center City District President and CEO Paul R. Levy.

“Between 2011 and 2012, the volume of home-sales increased by 16 percent in Greater Center City, while prices were up and days on market were down.”

The Center City population grew by about 11 percent between 2000 and 2012, according to the report. More than 24,000 children were born to Center City couples in this period as well.

Center City is home to about 640 boutique and independent shops, 388 arts and cultural organizations, 419 full-service restaurants and 296 outdoor cafes. The report cited about 25,000 pedestrians strolling through 17th and Walnut streets in the spring of 2012.



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