![]() The city’s working population has yet to return to the office at the same levels as other major cities, adding to a decline in foot traffic downtown. The reasons for downtown San Francisco’s economic troubles are multi-faceted. “A growing number of retailers and businesses are leaving the area due to the unsafe conditions for customers, retailers and employees, coupled with the fact that these significant issues are preventing an economic recovery of the area,” the spokesperson told KGO-TV. In May, a Westfield mall spokesperson told CNN affiliate KGO-TV that store closures underscore “the deteriorating situation in downtown San Francisco.” The company said its decision was due to “challenging operating conditions” in the downtown area. Shopping mall operator Westfield gave up control of its San Francisco Centre mall in June. But lately, many well-known chains have announced exits from the area, including CB2, Anthropologie, and Nordstrom.Īccording to data provided to CNN by market research firm Coresight, nearly 40 retail stores have closed in Union Square’s zip code since 2020, while dozens more have closed in the surrounding area. It serves as a venue for many public events and is seen as a go-to tourist attraction in the city due to its high-end shops, departments stores and hotels. Union Square has historically been a major commercial hub in the heart of San Francisco’s downtown. The downturn of the city’s Union Square is a microcosm of that struggle. While in-person activities in many major cities in the United States have rebounded since the start of the Covid pandemic, San Francisco’s recovery has been strained. Stores in the area now have papered-over windows and “Retail for Lease” signs, according to Google Street View, which was last updated in June. ![]() The city’s Union Square neighborhood - once bustling with shoppers, diners, and tourists - has suffered from declining foot traffic and shuttered storefronts. In many ways, San Francisco’s downtown is in dire straits.
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