However, attendance at conventions is down and small businesses are feeling the credit squeeze.
Nevertheless, the Center City District, said that office occupancy rates in Center City were the highest ever in 2008 and inquiries from firms seeking information about relocating here have not fallen off.
And since Phialdelphia never really experienced the overheated housing market or a financial services’ boom, we will not suffer a “contraction as severe,” the report says.
Conversely, the worst could still be coming, but then again maybe it won’t!
Brought to you by the Philadelphia Real Estate Blog