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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.
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.
To extend the holiday shopping and entertainment into the New Year, Center City District (CCD) is sponsoring Restaurant Week, beginning Sunday, January 9 and continuing through Friday, January 21, 2022. Dozens of local restaurants will participate in this biannual prix-fixe dining promotion that highlights some of the city’s most diverse culinary venues.
This report by CCD, CPDC examines disparities between the number of Black-owned and white-owned businesses in Philadelphia and compares them to four other East Coast cities
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.