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The return to shopping and dining will be slow and gradual, influenced by how well and consistently businesses address public concerns about public health and safety, as well as the City of Philadelphia’s flexibility in encouraging the expanded use of public space to accommodate seating and waiting lines, according to results of a new CCD survey of Philadelphia residents.
Center City Philadelphia continues to demonstrate its robust growth trajectory with 64 major development projects either completed, under construction, or in planning stages. The just-released 2026 Center City Real Estate Development Report provides images and key details for these projects.
This CCD, CPDC report suggests that Philadelphia should increase its commitment to quality of life investments and resume its prior commitments to tax reduction, in order to retain and attract residents and businesses and spur widespread and inclusive private-sector job growth.
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.
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.
This new CCD/CPDC report examines the current state of the downtown restaurant and retail sectors. Using pedestrian, transit and parking occupancy counts and detailed visual surveys of almost 2,000 retail premises, conducted by CCD staff, the report provides a close-up look at business conditions, supplemented with information from the commercial office sector, employment trends, housing market data and ecommerce trends.