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Center City Philadelphia is navigating a period of retail transformation, with premier shopping corridors attracting major national brands amid closures reflecting broader industry trends, according to the CCD's annual retail report.
Philadelphia has taken a giant step towards competitiveness with the approval of HB 1871. This, plus the city's legacy transit system could position Philadelphia well for the future.
The vitality and economies of U.S. downtowns have steadily improved since 2020. This major new CCD/CPDC report measures the recovery rates of 26 U.S. downtowns since then using various metrics, including employment, hotel occupancy, retail sales, and housing prices and rents.