Approximate Value of New Real Estate Development Projects $1,500
2,500,000
$1,250
2,000,000
$1,000
* 19
18
20
20
17
16
20
15
20
20
14
13
20
12
20
20
*Includes Lab at Pennovation, which is beyond the geographic boundaries of the district Source: UCD
20
09
20 16 20 17 20 18 20 19 *
14 15 20
20
20
20
13
11 12
10
20
09
20
08
20
07
20
06
20
20
20
20
20
05
$0 04
0 03
$250
02
500,000
11
$500
10
1,000,000
$750
20
1,500,000
20
Dollars (Millions)
3,000,000
20
Square Feet of Development
New Construction or Major Renovations
*Includes Lab at Pennovation, which is beyond the geographic boundaries of the district Source: UCD
Over 900,000 square feet of new development valued at over $330 million was added to University City’s inventory in 2019.
New Construction Permits UNIVERSITY CITY PERMITS
PHILADELPHIA PERMITS
60
1,800
50
1,600
40
1,400
30
1,200
20
1,000
10
800
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Source: City of Philadelphia Department of Licenses & Inspections
600
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Source: City of Philadelphia Department of Licenses & Inspections
Real Estate Development
13