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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.

The total number of workers, residents and visitors in Center City continued to rise in October 2023 to 82% of October 2019 levels, with the largest increases among workers and residents. Overall, the upward trend in pedestrian volumes for the last three and a half years is showing no signs of having reached any plateau.