North Broad Renaissance is the business improvement district for one of Philadelphia’s most prominent corridors, anchoring adjacent neighborhoods, supporting businesses, and community mainstays. For more than eight years, Econsult Solutions has provided economic strategy analysis to the organization. Each year, North Broad Renaissance releases a report that recaps the corridor’s successes, and sets objectives for the coming year that are supported by forecasts. ESI plays a role in this by providing data analyses on population, workforce development, and land use trends.
The 2025 State of North Broad provides a comprehensive look at the achievements, challenges, and future direction of the North Broad corridor. The corridor is characterized by diverse neighborhoods and communities, which contribute significantly to the fabric of the city. Key economic metrics such as businesses, population, and property value show positive trends. The most notable changes since 2023 are a 16 percent increase in the number of businesses and a 14 percent rise in the median household income of North Broad Residents.