Center City is the heart of Greater Philadelphia and is home to the largest, most dynamic, and most diverse retail district in the region. Nearly 3,000 retail stores, service providers, and food and beverage options exist within a two-square-mile area creating a pleasant, vibrant, walkable urban experience that cannot be replicated in any mall or suburb.

Our year-end 2024 Center City Retail Report pulls together the latest data on retail occupancy, demand, and leasing activity and explores emerging trends and opportunities that will shape Center City’s retail landscape in the coming years.

 Key takeaways: 

• Center City maintains a steady retail occupancy rate of 83%, with nearly 1,792 retail businesses.

• The number of retailers has grown by 15% since 2019.

• New entertainment venues have transformed the retail landscape, offering experiential offerings beyond traditional shopping.

• CCD’s Open Streets initiative in September proved remarkably effective, with nearly 90% of businesses reporting increased foot traffic and a 68% average increase in sales.

Read or download the full report below.