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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.

The newly expanded retail and dining district announces plans for a festive programming calendar

Center City’s transformation into a 24-hour downtown is reflected in its burgeoning retail scene, with residential, convention and tourism growth expanding beyond the historic customer base of office, education and health care employees and students.

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.

CCD works year-round to make downtown welcoming, brighter, safer, and more accessible by providing landscaping services, lighting, directional signs, and banners.

The CPDC is pleased to announce the appointment of four distinguished real estate and business leaders to its Board of Directors’ Executive Committee. These new members bring exceptional expertise to help advance CPDC's mission of promoting economic growth and development in Center City Philadelphia.