Retailer revival

Monday, October 24, 2005

Retail rents along Walnut Street have reached a new threshold -- $100 a square foot and above -- in a clear sign retailers are willing to pay up to reside along a key Center City shopping corridor.

The high rents underscore the rise of Walnut Street as Philadelphia's lower-key version of Rodeo Drive, a place for high-end retailers to cluster and shoppers to be seen.

The list of posh retailers elbowing their way onto Walnut Street is growing, helping to push rents upward.