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Center City’s retailers, restaurants and street-level service business are rebounding from the pandemic, supported by the third-largest downtown residential population in the U.S. and by returning volumes of city and regional shoppers, college students, tourists and convention attendees and a steadily rising number of office workers.

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 the CCD/CPDC Center City Retail Report, November 2023.

Our year-end 2024 Center City Retail Report pulls together the latest data on retail occupancy, demand, and leasing activity and explores emerging trends and opportunities that will shape Center City’s retail landscape in the coming years.

Just-released CCD retail report details current retail scene, latest trends, and survey responses from consumers about their most-desired businesses

Center City retail and restaurants have almost fully rebounded from the events and challenges of 2020.

Center City's retail occupancy rates, pedestrian volumes, retail sales and jobs are rising and approaching levels last seen in 2019, according to Center City Retail Update: July 2023, a new report released by the Center City District/Central Philadelphia Development Corporation.

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.

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.