• While demand for street-level urban retail space moderated during the past few years, it also remained remarkably resilient.
  • The average asking rent increased in more than half of the sixteen retail corridors surveyed in 2018.
  • Since 2000, estimates indicate that the population of Center City proper (Vine to South Street, Front Street to the Schuylkill River) surged by nearly one-third.
  • Against a backdrop of strong retail sales activity and impressively resilient rents, this market is being driven by a new set of tenants seeking street-level space.