Rittenhouse Square in Pa. grows with new retailers

Rittenhouse Square, once the underdog in the Philadelphia retail sector, is seeing improved growth with new shops as high rents have forced smaller retailers to look for alternatives to Walnut and Chestnut’s commercial sector. The area’s vacancy rate has dropped from 12% to 8% since 2010, and average price per square foot has risen 40%. Read The Philadelphia Inquirer story here