• After rising 87.5% during the last five years, Prime Philadelphia retail rents have finally stabilized over the past year.
  • The CBRE Philadelphia High Street Rent Indicator stands 6.7% higher than the previous peak reached in 2009.
  • Demand drivers fueling the success of urban retail remain firmly in place: more people, more visitors, and more money in Center City Philadelphia.
  • Investors continue on a buying spree. Sales of urban retail properties over the last year were higher than in annual period during the previous boom of 2007-2008.