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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.
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 2023-2027 Plan and Budget for the CCD was unanimously approved by City Council and signed into law after being overwhelmingly approved by District property owners. The CCD's focus remains on ensuring a clean, safe, attractive, well-managed public environment for downtown Philadelphia.