Over 18 million square feet under construction or proposed in CBD development pipeline

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 CBD Development Pipeline COW

  • Multifamily projects continue to dominate the CBD construction boom: nearly 6,000 units are scheduled to deliver within the next three years along with an estimated 1,500 units possible as developers refine plans
  • Strong growth in Center City’s Philadelphia’s population continues to fuel demand for other uses: more than 2,300 hotel rooms, 2 million square feet of retail and 3 million square feet of office are likely to deliver before the end of 2018