Nearly half of the stores in downtown San Francisco have shuttered and fled since 2019.
“San Francisco Centre generated $455 million in sales in 2019, before the pandemic,” theWATCH: Closed, Vacant Businesses Line San Francisco Street as Retailers Flee Amid Falling Foot TrafficTwo of the city’s largest hotels are following Westfield Mall’s move and ending mortgage payments.
Park Hotels & Resorts CEO Thomas Baltimore predicted a “clouded and elongated” recovery in San Francisco while revealing plans to remove the hotels from its portfolio amid record office vacancy —44.7% of pre-pandemic levels, theStores that remain in business have stringent policies set in place to deter shoplifters.
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