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Center City’s commercial core is experiencing a sustained process of recovery, with new businesses opening and existing retailers moving to new, often larger locations, according to the just-released CCD/CPDC Center City Retail Update. In the first quarter of 2022, taxable retail sales in the core of Center City reached 94% of 2019 levels and restaurant sales reached 74% of 2019 levels.
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.
CCD is pleased to announce that for the 2019-2020 holiday season at Dilworth Park we’ve renewed our partnerships with Rothman Orthopaedic Institute, Independence Blue Cross and 6abc.
The 75-page State of Center City, 2017 report has been released, utilizing the latest research, original reporting and analysis, plus charts and photos to present a downtown that has progressed a long way, but presents a few lingering challenges.
Center City continued to show promising signs of recovery throughout the summer months, buoyed by returning conventions and office workers and increasing numbers of pedestrians who are contributing to rising retail and restaurant sales, local tax revenue, new business openings and increases in convention travel and hotel occupancy.
More than 90 chefs and restaurateurs will showcase their best dishes in a prix-fixe, three course menu.