Make it CENTER CITY
PHILADELPHIA
for your business location
Make it
Center City
Below: The International Terminal at Philadelphia International Airport.
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For the latest information about market trends, events and developments in Center City, visit www.CenterCityPhila.org
FO R ACCE SS
y Philadelphia… TO
MA J OR C I TIE S
Center City Philadelphia is a thriving downtown with state-of-the-art office towers, internationally acclaimed research and education facilities and a highly educated workforce. We offer all you need for a successful business location. With world-renowned cultural institutions, nationally-known fine dining and a broad range of housing types in historic neighborhoods, Center City truly is the center of it all. Center City Philadelphia is situated in a prime location—at the center of the northeast corridor from Boston to Washington, D.C.—and is made even more accessible by Amtrak’s Acela high-speed train service. Philadelphia is within two hours flying time of 50% of the American population and our international airport is one of the fastest growing and busiest in the country. Some Facts on the Fly— Philadelphia International Airport...
s Just 7.5 miles from Center City Philadelphia, a 15-minute drive or a direct 25-minute train ride.
s Provides 32 million-plus passengers with more than 665 departures
daily by 22 airlines to over 80 domestic and 35 international destinations.
s New international terminal complex with 13 gates and an expanded federal inspection facility.
s
Handles over 585,000 tons of cargo and mail annually.
Amtrak’s 30th Street Station is the third busiest in the U.S.
Amtrak’s Acela high-speed tra from Center City Philadelphia to: Baltimore
1 hour
Boston
5 hours
Flying time from Philadelphia to:
New York
1 hour 8 minutes
Washington, D.C.
1 hour 35 minutes
Atlanta
2 hours 9 minutes
Wilmington
19 minutes
Boston
1 hour 19 minutes
Charlotte
1 hour 38 minutes
Chicago
2 hours 5 minutes
Miami
2 hours 49 minutes
Toronto
1 hour 35 minutes
London
7 hours 20 minutes
Paris
7 hours 40 minutes
Rome
8 hours 40 minutes
Frankfurt
7 hours 55 minutes
Make it
Center City
Center City Philadelphia is positioned at the center of an 11-county region of 6.1 million residents, all of whom can quickly access Center City by extensive and smooth-running rail, bus and highway systems. 90,000 residents call Center City home, 40% walk to work. Fast Lane
s Center City is at the crossroads of three interstate highways transporting more than 250,000 drivers daily: I-95, I-76, I-676.
s Thanks to our exceptional roadways, Philadelphia commuters spend less time in traffic than commuters in New York, Chicago, Atlanta, Los Angeles, Washington, D.C. and San Francisco.
All Aboard!
s With a comprehensive public transportation system, Center City is By commuter rail, Center City is:
s 20 minutes from Cherry Hill, NJ s 20 minutes from Bryn Mawr, PA s 26 minutes from Swarthmore, PA s 26 minutes from Ardmore, PA s 32 minutes from Conshohocken, PA s 37 minutes from Media, PA s 71% of Center City workers use public transportation to get to work.
s Over 50% of Center City office
workers cited “convenient commute� as the best feature of working downtown.
the hub of 75 bus, trolley, regional and high-speed rail lines efficiently carrying 297,000 passengers each workday.
s 41 bus lines s 5 trolley lines s 7 regional rail lines s 3 high-speed rail lines including 1 to New Jersey s 19 New Jersey bus routes
FO R AC C ES S
y Philadelphia TO
T H E RE GIO N
30th Street Station serves both Amtrak and all of SEPTA’s commuter rail trains.
A Lot of Parking
Center City has more than 65,000 off-street parking spaces with most facilities offering low-rate, all-day parking for office workers.
For the latest information about market trends, events and developments in Center City, visit www.CenterCityPhila.org
Make it
Center City
Center City Philadelphia Private-Sector Employment 2006
The Pennsylvania Convention Center is located in the heart of Center City and will double its size by 2011.
For the latest information about market trends, events and developments in Center City, visit www.CenterCityPhila.org
FO R A
y Philadelphia… T H RI VI NG
BU SI NE S S CE NTE R
Center City Philadelphia boasts a wide range of state-of-the-art office buildings—all within quick walking distance of transit stops, parking garages and exceptional restaurants and shopping. With over 9,000 businesses, Center City has the highest concentration of firms in the Greater Philadelphia region. These include a high percentage of businesses in financial, insurance, real estate, engineering and legal services. Employers can draw from a 360° labor market in 11 counties and three states. You’ll find any location in Center City provides immediate access to city, state and federal agencies, services and courts. As for meeting space, there is no shortage of excellent facilities—especially with the Pennsylvania Convention Center at the heart of Center City, and dozens of hotels throughout the downtown area. Building Success
s With over 40 million square feet of prime office space in state-of-theart buildings with competitive and very affordable rents, Center City is the largest business center in the region.
Meeting Expectations
s The Pennsylvania Convention Center, wired for high-speed connec-
tivity, provides 440,000 square feet and will add over 390,000 square feet by 2011, including the largest contiguous exhibition space in the Northeast.
s Over 10,000 hotel rooms within Center City with over 3,500 additional rooms proposed in and around Center City.
s Nearly 700,000 square feet of meeting space in 10 additional meeting facilities downtown.
The Numbers Game
s 70% of all Center City office
space is within a five-minute walk of 17th & Market Streets, the epicenter of the downtown office district.
s Center City has more than
9,000 business establishments with 236,000 private-sector employees.
s More than 36,000 federal, state and municipal employees work downtown.
Make it
Center City
Locating your business in Center City is a very smart move. There are over 90 colleges and universities in the region, and over 66,000 graduates enter the workforce each year. Six world-class medical institutions receive over $100,000,000 in grants from the National Institute of Health to carry out cutting-edge medical research. You’ll discover a highly educated and skilled working population for management consulting, financial, legal, real estate, engineering, medical and technology firms. With 15 institutions of higher learning in or near Center City, employees have immediate access to a wide array of continuing education opportunities. There are also a host of opportunities for expanding business horizons. Over a dozen international and regional business organizations provide resources for companies with overseas markets and clientele. And our business incubators have helped to spur numerous technology startups. World-Class Business and Education Resources
s University of Pennsylvania—The Wharton School, Executive MBA Programs and the Annenberg School of Communications.
s Temple University, Drexel University, University of the Arts, the
Art Institute of Philadelphia, Moore College of Art & Design, Peirce College, Thomas Jefferson University Hospital, Drexel University/ Hahnemann Campus.
s Business incubators: Benjamin Franklin Technology Center and University City Science Center.
s Over $200,000,000 in federal grants awarded to Center City medical and educational institutions.
Exceptional People Skills
s 2.8 million workers in the 11-county region. s Over 97,000 students enrolled in universities and colleges in and near Center City.
s 387,000 students in 90 colleges and universities in the Greater Philadelphia region.
s 40,000 workers enrolled in continuing professional education programs.
s 273,000 downtown workers, including: 9,000 in information services; 35,000 finance and real estate workers; 46,000 workers in management, professional and technical services.
s 30% of Center City residents are ages 25–34; 62% have college degrees.
For the latest information about market trends, events and developments in Center City, visit www.CenterCityPhila.org
FOR EDU CA TI O N,
y Philadelphia‌ RE SEAR CH AND WORK FO RCE RE SOU RC ES
A World of Resources
Center City Philadelphia is home to consuls of more than 32 nations and over 14 international and regional organizations including:
s African-American Chamber of Commerce of Philadelphia
s America-Israel Chamber of Commerce
s British American Business Council
s French-American Chamber of Commerce
s German-American Chamber of Commerce
s Hispanic Chamber of Commerce s Ireland Chamber of Commerce s Japan America Society of Greater Philadelphia
s Italy-America Chamber of Commerce
s Mid-Atlantic Russia Business Council
Make it
Center City Far left: The Kimmel Center for the Performing Arts opened in 2002 and is host to the renowned Philadelphia Orchestra as well as myriad other events appealing to a wide range of audiences. Left: The Philadelphia Museum of Art is the crown jewel at one end of the Benjamin Franklin Parkway. The buildings and sculptures along The Parkway, as well as The Parkway itself, were dramatically relit in 2004. Above: The Avenue of the Arts is home to a variety of cultural venues for music, dance and theater.
Far left: The Liberty Bell moved to its new home on Independence Mall in 2003. Left: Philadanco is one of many local cultural performance groups in Philadelphia. Below: Rittenhouse Row is one of Center City’s centers for upscale dining, drinking and shopping.
For the latest information about market trends, events and developments in Center City, visit www.CenterCityPhila.org
FOR LI VABI L I T Y,
y Philadelphia… E NTE RTAI NM ENT A ND C ULT U RE
Philadelphia offers exceptional quality of life. Our neighborhoods are populated with young professionals, empty nesters and a growing number of families with children. With nearly 273,000 public- and private-sector workers, 90,000 residents, 8.2 million annual visitors, and over 97,000 fulltime students at institutions of higher learning in or near downtown, Center City provides an extraordinary range of amenities just outside your door. Take a culinary expedition through restaurants rated in the top ten by Traveler, Esquire and Gourmet magazines. Shop at designer boutiques, unique stores and national retailers while stocking up on fresh produce, meats and fish at the historic Reading Terminal Market. Open your ears to an opera, play, symphony, ballet, jazz or rock performance on the Avenue of the Arts. It’s all within minutes of your office, home, car or train. There’s a Whole World Out There in Center City Philadelphia
s 90,000 Center City residents in more than 10 Center City neighbor-
hoods including Society Hill, Fairmount, Logan Square, Washington Square, Chinatown, Old City, Rittenhouse Square, Queen Village, Bella Vista, and Fitler Square.
s A Center City homeowner earning $83,687 per year (the average
wage of professional services employees in Philadelphia) would have to earn 9% more in Boston, 11% more in Washington D.C., or 73% more in Manhattan to enjoy the same standard of living.
s Home to 32 performing arts organizations including the Pennsylvania Ballet, Opera Company of Philadelphia, Philadelphia Orchestra, Philadanco and Philadelphia Theatre Company.
s Over 2,400 retail establishments including Banana Republic, Gap,
Coach, Jones New York, Steve Madden, BCBG, Cole Hahn, Barnes & Noble, Kenneth Cole, Macy’s, Williams-Sonoma, Tumi, Tiffany & Co. and Guess.
Independence National Historical Park.
$144,513
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Philadelphia
Boston
Washington, New York City D.C.
The Council for Community and Economic Research; BLS, 2008
s 44 primary and secondary schools. s 250 acres of parks and urban landscapes including
120 $92,521
Soul (arena football) and Wings (lacrosse) play within 15 minutes of Center City.
$150
$91,307
s The Eagles, Phillies, Sixers, Flyers, Kixx (soccer),
Cost of Living Comparison
$83,687
Philadelphia Museum of Art, Rodin Museum, The Franklin, Pennsylvania Academy of the Fine Arts, Academy of Natural Sciences, African American Museum and the National Constitution Center.
Cost of Living (thousands)
s 25 museums and cultural institutions including the
Center City District /Central Philadelphia Development Corporation 215.440.5500 www.CenterCityPhila.org
We want your business in Center City Philadelphia. Call us. Tell us your requirements and explain your needs. We’ll get you clear, concise and comprehensive answers quickly. Or, visit our web site to view available office space and link with local brokers. Select Greater Philadelphia 215.790.3777 www.selectgreaterphiladelphia.com
As an information source for corporate real estate professionals, relocation specialists and corporate executives, Select Greater Philadelphia markets our region as a top-tier place to do business. Philadelphia Department of Commerce 215.683.2100 www.phila.gov
The City of Philadelphia’s one-stop location for information about local zoning, licenses, permits and financing. Philadelphia Industrial Development Corporation 215.496.8181 www.pidc-pa.org
Photography: James B. Abbott; W. Brown, Philadelphia International Airport; K. Chiappa, R. Kennedy, Bob Krist, Jim McMullin, Jim McWilliams, for GPTMC; Peter Olson, courtesy of The Wistar Institute; Top Kat Photography; Roman Vignoly; Tommy Leonarde, Orbimage
The Center City District (CCD) is a private-sector business improvement district, supported by more than 4,500 property owners. The CCD is committed to keeping the downtown of America’s most historic and dynamic city clean, safe and attractive and an exciting place to live, work and shop. Central Philadelphia Development Corporation (CPDC) is a not-for-profit organization of Center City business leaders whose mission is to strengthen Center City as a place to work, to visit and to live. Supported by contributions from businesses and foundations, CPDC seeks to enhance Center City as the vibrant, 24-hour hub of the Greater Philadelphia region. CPDC is managed by the staff of the Center City District.
Design: Joel Katz Design Associates
The source of public incentives for financing business relocations to and expansions in Philadelphia.