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Center City’s commercial core is experiencing a sustained process of recovery, with new businesses opening and existing retailers moving to new, often larger locations, according to the just-released CCD/CPDC Center City Retail Update. In the first quarter of 2022, taxable retail sales in the core of Center City reached 94% of 2019 levels and restaurant sales reached 74% of 2019 levels.

This is a transformational moment for Philadelphia, when investments in economic development funded by the American Rescue Plan (ARP) can be combined with the long-recommended changes to Philadelphia's tax structure to prompt faster and more equitable citywide job growth.

To support the recovery of Center City retailers and restaurants, Center City District (CCD) will be promoting Shop Center City Saturdays this fall. Beginning Saturday, September 18, dozens of local businesses, as well as national brands, will offer exclusive discounts and giveaways every Saturday for 5 weeks, ending on October 16. These all-day shopping and dining promotions will be accompanied by larger-scale anchor events throughout the district.

In October, CPDC surveyed its members and Board members of the CCD to determine what percent of their employees were currently working in the office downtown, the expected timetable for the majority to return, the most important factors that needed to be addressed to facilitate a return to the office, and the biggest advantages of a safe return.

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.