Center City District and Central Philadelphia Development Corp. released a report, which shows that population in the Center City of Philadelphia is growing.
According to CBS News, “lured by jobs, city amenities and the ability to get around without a car, more people are living in Center City, resulting in the rebound of a housing market severely damaged in the 2008-09 recession”.
180,000 residents live now from river to river and from Tasker Street to Girard Avenue. Between 2000 to 2010 it grew for 10.2%. And for now Philadelphia has the third-largest downtown population among American cities (behind New York and Chicago).
That trend boosted the volume and price of residential sales and rentals, and spurred more construction and renovation, according to the report.
“We’ve seen a real return of people wanting to be in the city center,” said Paul Levy, the Center City District’s president and CEO, to CBS News.” More families deciding to raise their children here and more adults in their 20s, 30s and 40s settling here.”