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Walnut Street is located in Center City Philadelphia and extends to the Delaware River waterfront and West Philadelphia. Walnut Street has been characterized as "the city's premier shopping district" by The Philadelphia Inquirer. A portion of the street commonly called Rittenhouse Row was ranked 12th in 2005 by Women's Wear Daily among its list of the most expensive retail streets in North America, with rents of $90 per square foot, and is home to several "upscale dining, retail and cultural" establishments. In 2013, rents rose to an average of $107 a foot, a growth of 34% over 2012 and the largest percentage growth of any retail corridor in the country.Running parallel to Walnut Street, one or two blocks to the north (depending on whether the side street Sansom Street is counted), is Chestnut Street. Pennsylvania Route 3 westbound follows Walnut Street from 38th Street (U.S. Route 13) to its western terminus at Cobbs Creek Parkway.

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