ABOUT UNIVERSITY CITY

Transcription

1 ABOUT UNIVERSITY CITY In recent years many cities and downtowns have experienced an influx of well educated, younger residents, and University City is leading that trend. The neighborhood s population continues to swell, and average incomes are rising, at the same time that University City is among the most diverse parts of the city. Growth in employment has shown similar strength, with eds and meds continuing to withstand the slow economic recovery, and contributing to University City s increasingly central role in the regional economy. One reason those jobs continue to flow here is the strength of our transportation network, easing commutes and travel both locally and regionally. 34

2 University City by the Numbers Population 48,589 Population Growth in University City Compared to Philadelphia Households 17,169 % Family Households 27.0% Average Household Income $46,504 Number of Housing Units 19,027 48,589 Residential Occupancy Rate 90.2% Homeownership Rate 17.6% Employees* 64,893 Residents Aged 25 or Older with a Bachelor's or Advanced Degree 54.1% College and University Students 50,601 1,526,006 Office Occupancy Rate 91.2% Source: U.S. Census, ESRI Retail Occupancy Rate 89.4% * Data from Excludes Federal Civilian Employees, Uniformed Military, Self-Employed Workers, and Informally Employed Workers Source: U.S. Census, American Community Survey, LEHD (OnTheMap), UCD, Newmark Grubb Knight Frank Age of University City Residents Source: U.S. Census, ESRI 35

3 University City is One of the Most Diverse Neighborhoods in Philadelphia Over the last 10 years, University City and its surrounding area have become increasingly diverse, as illustrated by the Diversity Index. This measure reflects the probability that any two residents are of different races. Source: U.S. Census 36

4 Race of University City Residents Average Household Income* Source: U.S. Census *Inflation adjusted 2010 dollars Source: ESRI, U.S. Census, American Community Survey Median Home Sale Price* *Prices in inflation adjusted 2011 dollars Source: Realist, ; TREND 37

5 Educational Attainment in University City for the Population Aged 25 and Over Enrollment at University City s Universities Source: U.S. Census, American Community Survey *Excludes distance learning students Source: UCD Photo courtesy of Drexel University 38

6 Students University of Pennsylvania Drexel University University of the Sciences in Philadelphia The Restaurant School at Walnut Hill College Community College of Philadelphia West Campus Undergraduate 11,765 15,047 2, ,708** Graduate 13,067 9, Total Students 24,832 24,860* 2, ,708** Student Housing Undergraduate In campus residences, 6,300 4, fraternities and sororities Off campus (total) 5,465 10,529 1, ,708** In University City 3,372 n/a Graduate On campus Off campus (total) 12,274 9, In University City 4,149 n/a *includes 1,940 students on co-op experience and 5,064 distance learning students. **includes credit and non-credit students who took classes at the West Regional Center Source: UCD 39

7 University City is a Hub for Employment University City s Largest Employers Employees based in University City Line widths are proportional to employee flows Source: U.S. Census (LEHD, OnTheMap). Excludes Federal Civilian Employees, Uniformed Military, Self-Employed Workers, and Informally Employed Workers Percent of Philadelphia Employment in University City * * The total employee count for Penn Medicine in 2012 is 21,069 Excludes student employees, temps, casuals, Queen Lane Medical and Center City Hahnemann campuses. Includes nursing and public health employees at the center city campus and other locations Source: UCD Source: U.S. Census (LEHD, OnTheMap). Excludes Federal Civilian Employees, Uniformed Military, Self-Employed Workers, and Informally Employed Workers 40

8 University City Office Space Inventory and Occupancy Regional Office Vacancy Rates Note: rent, inventory, and occupancy data exclude Cira Centre. Source: Newmark Grubb Knight Frank University City continues to have among the lowest office vacancy rates among 29 regional submarkets. 41