North Broad Street Takes Stock of Itself

//North Broad Street Takes Stock of Itself

North Broad Street Takes Stock of Itself

How is North Broad Street faring right now?

Not as badly as many think. The numbers contained in the “State of North Broad 2016” report, released last week by North Broad Renaissance (NBR), paint a picture of a corridor that, while still challenged, contains plenty of potential for growth and revitalization.

From City Hall to Germantown and Erie avenues, the North Broad corridor and its adjacent Census tracts are a sleeping giant, based on figures in the report: 48,384 residents, with population projected to rise by 4.8 percent by 2021; 24,903 jobs, 1,471 businesses and 19,465 housing units in the corridor; $1.7 billion in assessed real estate value. All of this in some of the most walkable, transit-friendly territory in the city, with an average Walk Score of 91 and where 58.6 percent of all residents walk, bike or take transit from home to work and back.

Housing in the area also remains very affordable: the median home value in 2016 is $88,733, and the median monthly rent for an apartment in 2014 was $590.

2016-12-27T15:25:08-05:00December 27th, 2016|Uncategorized|Comments Off on North Broad Street Takes Stock of Itself

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