How is Center City retail doing? It depends what street you’re on.
About 84% of Center City storefronts were occupied as of October, up one percentage point from last year, but there were vast discrepancies among different retail corridors.
Center City was resilient this year, reporting slight increases in foot traffic and overall retail occupancy despite high-profile closures along Market Street.
About 84% of Center City storefronts were occupied as of October, up one percentage point from the same time last year, according to the Center City District’s annual survey of business owners. Occupancy has hovered around that point since at least 2023 and has yet to recover to its pre-pandemic level of 89% in 2019.
So far in 2025, an average of 343,540 people walked through Center City each day, an increase of more than 3% from last year, the survey found. Each section of Center City, from the beleaguered Market East to the thriving Rittenhouse Square area, saw at least a 1% bump in average daily foot traffic, according to the survey.
Some retail corridors, however, are looking more vibrant than others.
Market Street continues to struggle on both sides of Broad Street.
As of October, the office-centric western side of Market had the lowest occupancy in Center City at 62%.
Market East, the future of which continues to be debated by city stakeholders, had a 72% occupancy rate. It has been impacted by a slew of recent closures, including Macy’s, Rite Aid, Iron Hill Brewery, and Giant Heirloom supermarket. The Center City District calculates occupancy rates by number of storefronts, not total square footage.
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On Chestnut Street, the eastern and western sections have vastly different occupancies. The eastern side recorded a 71% occupancy rate in October, according to the survey, while 81% of stores on the western side were occupied.
Walnut Street continues to be the district’s shining star, with 86% occupancy in both the eastern and western sections, according to the survey. In the report, the Center City District highlighted several new additions, including the luxury women’s fashion company Aritzia and North America’s first Nike Jordan World of Flight store.
The report once again highlighted the success of the Open Streets program, during which roads are closed to car traffic and become pedestrian walkways for shopping and dining. There have been 21 Open Streets events since its inception in September 2024, with more planned for December and next year.
The events bring out more than 10,000 people on average, according to the report, and typically result in a 65% boost in businesses’ foot traffic and a 39% bump in sales volume.
Looking to the future, the district surveyed 700 Philadelphia renters to ask what types of retailers they’d like to see more of in Center City.
“Downtown residents seek convenient access to everyday goods, full-service grocery stores and home furnishing options — all within walking distance,” district executives wrote in the report, noting that these types of businesses could fill vacancies in office buildings or in the concourse around Suburban Station.
“CCD looks forward to convening office district stakeholders in 2026 to discuss a coordinated retail attraction strategy that could reposition the office district as a place to accommodate many of the retailers Center City is currently missing.”
Editor’s note: A previous version of this story included an incorrect comparison between 2025 and 2024 for occupancy on Market Street.