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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.
The Center City District's quarterly newsletter. In this issue- The fragility of Philadelphia's revival, Rail Park progress, landscape updates and more.
Sustained by a diversified retail customer base that includes the third largest downtown population in the U.S., workers, tourists, and regional visitors, Center City Philadelphia is on pace for the second consecutive year of positive net openings, according to the new Center City District/Central Philadelphia Development Corporation Center City Retail, November 2022.
The CCD's quarterly newsletter. In this issue- People who work, live, shop or dine in Center City are quite optimistic about downtown’s future. That’s apparent in the CCD’s annual customer satisfaction survey. But, there are caution flags.