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A new CCD/CPDC report, Center City Pedestrian Counts, November 2022, documents that pedestrian volumes in October 2022 in the commercial core reached 77% of the October 2019 level, showing steady growth throughout 2022. The rate of increase has been greatest in the commercial office district and the successful return of major conventions is clearly visible in the volume recorded by CCD sensors at 12th and Market Street.
Center City's retail occupancy rates, pedestrian volumes, retail sales and jobs are continuing to rise and are approaching levels last seen in 2019, according to Center City Retail Report, November 2023.
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.
Center City Philadelphia continues to demonstrate its robust growth trajectory with 66 major development projects either completed, under construction, or in planning stages. The just-released 2025 Center City Real Estate Development Report provides images and key details for these projects, which span from Girard Avenue to Tasker Street, river to river.