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This annual report looks at Center City retail market trends, including an analysis of retail demand, demographics, annual retail survey results, pedestrian counts and a map of new major retailers.
Our latest monthly report suggests two ways to view Philadelphia’s steady, but slow job recovery and outlines why Philadelphia and other major northeast cities are lagging their regions and what can be done about it.
CCD has started construction on a new coffee kiosk at the southern end of Dilworth Park adjacent to 15th Street with the installation of foundations and plumbing lines. This follows approval by the city’s Historical Commissionand the Art Commission. The coffee kiosk will open in April.
Jobs are back, salaries are rising, Center City’s population continues growing, conventions, tourism and retail are all rebounding, and pedestrian vitality is almost fully restored in many portions of the downtown. Office vacancy, however, is rising, challenged by a partial return to office and reinforced by a wage tax that encourages suburban residents to remain remote.
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