'It's sad, you know San Francisco used to be the premiere place to go,' said Rachel Michelin, president and CEO of the California Retailers Association.
Rachel Michelin is president and CEO of the California Retailers Association.Could billions in cash save downtown SF? A look at plans for the future of Salesforce Transit CenterDuring the week of April 10 this year, the downtown area of San Francisco was at about 29% of its activity during the same period in 2019, while other Bay Area cities were more vibrant.
The downtown area of San Jose was at about 75% of its activity and the downtown area of Oakland was at about 48% of its activity, during the same period in 2019.Vacancies may account for some of the differences. Office vacancy in the broader San Francisco Metro Area nearly tripled, from a 6.3% vacancy rate in Q1 2019 to a 17.2% vacancy rate in Q1 2023."Maybe there's not incentives for companies to come back," said Gonzalez.
"That is why we're here, to shine a light on Chinatown in a way to remind people what makes San Francisco so special," said Mayor Breed.
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