Retail

This CCD and CPDC monthly report on the Philadelphia economy and the vitality of Center City describes the transitional moment we are in as the logistical challenges of achieving sufficient vaccine supply and distribution are limiting the opportunities for economic recovery. However, the prospects for another federal relief package and expectations that, after initial stumbles, vaccine distribution will ramp up, point to a strong economic rebound by the end of 2021.

State of Center City 2020 is a comprehensive overview of market conditions downtown at the end of 2019, before the impact of the current crisis. It provides detailed profiles of the diverse sectors that drove ten straight years of employment growth, highlighting strengths and challenges as we entered 2020.

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.