Research & Reports

Center City Retail Report, November 2024

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.

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Research Highlight

Supermarkets in Center City

While the closure of the Heirloom Market at 801 Market Street is disappointing news, Center City and the surrounding neighborhoods have welcomed 18 new supermarkets since 2010, with another five expected to open before the end of 2025. Together, they allow nearly 110,000 residents to access groceries within a five-minute walk.

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Pedestrian Vitality

Building Back A More Diverse Downtown

Center City continued its steady process of recovery in June and during the first three weeks of July with pedestrian volumes reaching 92% of 2019 levels. The robust recovery of residents and visitors has led the way, while the number of workers in June approached 100,000, attaining 76% of June 2019 levels.

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