Retail availability throughout San Francisco remains tight, with the vacancy rate among the lowest in the nation, reported Cushman & Wakefield.
The San Francisco retail market ended third quarter 2019 with an overall vacancy rate of 2.9 percent. This was down 20 basis points from 3.1 percent in the second quarter and 100 basis points from 3.9 percent one year ago. Tenant demand remains strong for the ample consumer dollars in San Francisco. Rising security concerns, however, are a growing cause for the delay of retail transactions.
Fitness, beauty, small-format and plant-based food concepts, entertainment, and digital native brands looking for brick-and-mortar presence continue to make up a significant percentage of leasing transactions in CBD areas and active retail corridors, reported Cushman & Wakefield.
Union Square remains San Francisco’s most prestigious retail district for both local shoppers and tourists. The direct vacancy rate in Union Square
