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The steady, incremental lifting of pandemic-related restrictions has enabled retail, restaurant and service businesses gradually to reopen, drawing an increasing number of pedestrians back to Center City’s sidewalks and helping to restore thousands of jobs. This new report from CCD/CPDC tracks the rebound over the last three months.
This new CCD/CPDC report examines the current state of the downtown restaurant and retail sectors. Using pedestrian, transit and parking occupancy counts and detailed visual surveys of almost 2,000 retail premises, conducted by CCD staff, the report provides a close-up look at business conditions, supplemented with information from the commercial office sector, employment trends, housing market data and ecommerce trends.
This summer, Center City District and Hornitos will partner for the return of Center City District Sips, the much anticipated, Happy Hour tradition.
Jobs are back, salaries are rising, Center City’s population continues growing, conventions, tourism and retail are all rebounding, and pedestrian vitality is almost fully restored in many portions of the downtown. Office vacancy, however, is rising, challenged by a partial return to office and reinforced by a wage tax that encourages suburban residents to remain remote.
CCD is supporting Center City’s recovery through deployment of additional sidewalk ambassadors, bike patrols and homeless outreach teams in partnership with public and private security.
Storefront occupancy is rising in key corridors. Occupancy ticks down due to major brands contracting nationwide, but growth continues on Walnut Street and East Market corridors.
CCD, with support from Rittenhouse Row and the City of Philadelphia, plans to transform one of Philadelphia’s most popular shopping and dining destinations, 18th Street from Locust to Chestnut and Walnut Street from 15th to 19th, by temporarily closing streets to vehicular traffic.
Dilworth Park is kicking off a full schedule of events including fitness classes, cocktails, barbeque, crafts, live music, movie nights – all summer long, there’s something for everyone!
Center City District’s in-depth look at economic trends, employment statistics, residential growth, retail development, transportation usage, public space initiatives, and more.