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Center City Market Facts

Center City Philadelphia:

  • Is in the middle of the nation's Northeast Corridor and at the center of a nine-county region of more than 5 million residents.
  • Has a highly skilled, well-educated, downtown private-sector workforce of about 235,000. Fifty-one percent are employed in information, business, professional and financial services firms; 21% in educational and health services, 18% in retail, leisure and hospitality and 6% in manufacturing, construction, transportation and utilities.

Office

  • Has 39.7 million square feet of competitively priced Class A and B office space, averaging $30 per square foot in a wide variety of state–of–the–art office buildings within quick walking distance of transit stops, parking garages and high–quality restaurants and retail.
  • Is home to nearly 9,000 businesses—the highest concentration of firms in the Philadelphia region, with a high percentage of businesses in financial, insurance, real estate, engineering and legal services.
  • Provides immediate access to city, state and federal agencies, services and courts.

Access

  • Is at the heart of the region's telecommunications network with hundreds of miles of fiber–optic cable installed in nearly every downtown street.
  • Is within minutes of Philadelphia International Airport, by car or train, and within two hours flying time of 50% of the American population. Each day 608 domestic flights and 59 international flights depart from PHL to 80 domestic and 40 international destinations. PHL is served by 22 airlines.
  • Lies at the center of AMTRAK’s Northeast Corridor with frequent high–speed Acela service to New York in 70 minutes and to Washington in 95 minutes.
  • Is at the crossroads of three interstate highways transporting over 250,000 drivers and passengers daily.
  • Is the hub of 62 bus, trolley, regional and high–speed rail lines that efficiently carry more than 296,000 passengers each workday. Philadelphia area commuters spend less time in traffic than commuters in New York, Chicago, Atlanta, Los Angeles, Washington and San Francisco.
  • Has 358 parking lots and garages with 65,000 off–street parking spaces and 6,400 metered, on–street spaces.

Residential

  • Is home to an estimated 92,000 residents, the third largest downtown population in the U.S., with a wide range of housing options from modern apartments to historic townhouses to converted lofts—all near great parks and extraordinary recreational opportunities. Thirty percent of Center City residents are between the ages of 25 and 34, and 79% of these young professionals have college degrees.

Education

  • Is home to 13 institutions of higher education, with over 28,000 students. Another 68,000 college students live in adjacent neighborhoods.
  • Has 44 primary and secondary schools, both public and private.

Arts and Entertainment

  • Is a cultural mecca with dozens of museums, galleries, cultural institutions, theaters and performing arts venues.
  • Is home to the spectacular Kimmel Center for the Performing Arts, with over 1 million in attendance in 2007.

Retail & Restaurants

  • Lies at the heart of the 4th largest retail market in the U.S with 2,400 downtown retail shops.
  • Is home to many popular stores, including Kenneth Cole, Barney's Co-Op, Arden B., Bebe, Diesel, Williams-Sonoma, Anthropologie, Old Navy, Banana Republic, Barnes & Noble Booksellers, Tiffany & Co., Aveda, H & M, Kiehl's, Aerosoles, MAC, Open House, Borders Books and Music and many more.
  • Offers one–of–a–kind shopping experiences on its historic streets, including Antique and Jeweler's Row, Chestnut, Walnut and Market streets and the Avenue of the Arts.
  • Has experienced a 234% increase in fine dining restaurants since 1992 with 217. There are also 205 outdoor cafes, 59 bars and nightclubs and 49 coffeehouses.
  • Has added over 1,200 new steakhouse seats since the summer of 2008.
  • Is home to The Reading Terminal Market, Philadelphia's historic marketplace, which offers an exhilarating selection of high–quality baked goods, meats, poultry, seafood, produce, flowers, ethnic foods and cookware, along with eclectic restaurants.

Conventions and Visitors

  • Has 10,194 hotel rooms within a 15-minute walk of the Pennsylvania Convention Center.*
  • Has Independence National Historical Park, which includes the Liberty Bell, the Independence Visitor Center and the National Constitution Center.

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