Center City Philadelphia Showing Signs Of Weakness

English: Comcast Tower, tallest building in Ph...

English: Comcast Tower, tallest building in Philadelphia (Photo credit: Wikipedia)

Center City, Philadelphia’s engine for growth for the last decade or more, is showing signs of distress, according to statistics compiled by the Center City District for its annual “State of Center City” report.

From office rental rates to visits to tourist attractions and the number of major conventions on the horizon, a variety of measures of the health of the city’s core suggest it might not be quite as vibrant as hoped.

For instance, while Center City’s population inches higher, office rental rates run stubbornly below national averages, an indication of a city’s weakness in attracting new employers.

Employment in health care and education – the city’s biggest job creators – has been flattening and, in the first time in a decade, declined in 2013.

Read more at http://www.philly.com/philly/business/20140423_Some_concerns_as_it_regards_Center_City_s_growth.html#wfR2CIQSqRKdLfKs.99

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