The Center City District said retail occupancy has climbed to just over 84%, marking the strongest showing since 2024. The increase reflects 32 more occupied storefronts compared with six months ago, signaling continued momentum across the city's commercial core.
"What's really exciting is that every single major corridor in Center City saw some kind of increase," said Clint Randall, Center City District's Vice President of Economic Development.
A biannual report released Monday shows growth along Walnut, Sansom, Chestnut, and Market streets. Among them, Walnut Street remains the strongest corridor, anchored by brands such as Jordan World of Flight, Lululemon - which plans to double its space - and Mitchell & Ness, which is also expanding, opening a new, 16,000 square foot store at the end of May.
"It's so comforting to see retail come back in a big way," said Adrienne Briones Carlson, director of commerce and retail for Mitchell & Ness.
"We took over the old Brooks Brothers building. We definitely want to capitalize on what's happening on Rittenhouse Row, and this is a great time to do it," Carlson added.
The report attributes the growth to a more diverse retail mix and anticipation surrounding major events scheduled to take place in Philadelphia in 2026. Center City leaders also say the resurgence is being fueled by a growing residential population, even as office workers have yet to fully return following the pandemic.
"It's increasingly this 24/7 live, work, play kind of place that sort of builds in this baseline level of activity, foot traffic and dynamism," Randall said.
Despite the gains, some vacancies remain. Market Street continues to have the lowest overall occupancy, though it recorded the largest increase over the past six months. That improvement is being driven by upcoming reopenings, such as Iron Hill Brewery, and the expansion of short-term retail pop-ups along Market East.
"We're excited to take some longstanding vacancies along Market East and breathe some new life into them," Randall said.
Some residents say their experiences reflect the data.
"A lot of stores that are really just booming with customers," said Nahmeer East of North Philadelphia.
"Every time I'm here it's always packed, always crowded, always busy," added Bernadette Tanner of Northeast Philadelphia.
Center City leaders also point to the Open Streets initiative as another draw, offering pedestrian-only blocks in Rittenhouse that have now expanded to Midtown Village this year, giving residents and visitors more opportunities to explore the area's retail and dining options.