Retail

As rates of vaccination rise, recovery is beginning from the outside – more people on sidewalks, at outdoor cafes, in parks and public spaces – and gradually impacting the inside – more customers, more hotel guests and more workers slowly returning. As of May 10th, 487,092 Philadelphia residents, 39.2% of the adult population, were fully vaccinated according to the CDC, with the City reporting approximately half of adults receiving at least their first shot.

State of Center City 2021: Restoring, Returning, Reanimating, is a comprehensive overview of marketplace conditions in Philadelphia at the end of 2020. It provides detailed profiles of the diverse employment sectors that comprise the downtown economy, highlighting strengths and challenges as we entered 2021. It includes information on housing and transportation trends and serves as a report on CCD operations and their impact in the last year.

With the installation of 14 cameras that measure pedestrian volumes 24 hours a day, the CCD now provides retailers, brokers, and developers with detailed counts and analyses of hourly trends.