FOR IMMEDIATE RELEASE
PHILADELPHIA (November 20, 2023) – Center City's retail occupancy rates, pedestrian volumes, retail sales and jobs are continuing to rise and are approaching levels last seen in 2019, according to Center City Retail Report, November 2023, released today by the Center City District/Central Philadelphia Development Corporation (CCD/CPDC).
“As cities across the United States are recovering at different rates from the events of the past three years, Philadelphia continues to be at the forefront of recovery with rising indicators in nearly all sectors,” CCD President Paul R. Levy said. “Center City Philadelphia ranks fourth in the average daily number of pedestrians downtown — behind only New York, Chicago and Boston — and has seen a sustained increase in pedestrian volumes, workers of all kinds, residents, and retail occupancy.”
By combining results of Center City District (CCD) on-street surveys, data on pedestrian volumes, conversations with brokers and retailers, and data from a variety of city, state and federal sources, the comprehensive 19-page report includes the following key findings:
“Center City’s dense, diverse and walkable land-use patterns, appealing blend of historic and modern architecture, and unparalleled public transit access have made it one of the most resilient and sustainable downtowns in North America,” CPDC Executive Director Prema Katari Gupta said. “With an incoming new mayor in Philadelphia, optimism is strong that issues pertaining to public safety will be top of mind for the new administration.”
The Center City District, a private-sector organization dedicated to making Center City Philadelphia clean, safe and attractive, is committed to maintaining Center City’s competitive edge as a regional employment center, a quality place to live, and a premier regional destination for dining, shopping and cultural attractions. Find us at www.centercityphila.org and on Facebook, X and Instagram.