KQED's Forum How Can San Francisco Fill Up Empty Offices and Stores?
Jan 28, 2025
In this discussion, Robert Sammons, a senior research director at Cushman & Wakefield, dives into the challenges of high office vacancy rates in San Francisco. Lauran Waxmann, a reporter for the San Francisco Chronicle, shares insights on the struggles facing the retail sector in iconic areas like Union Square. Katie Buchanan, design director at Gensler, explores innovative strategies for transforming vacant commercial spaces. The trio highlights the need for mixed-use environments and the importance of community engagement to rejuvenate the downtown atmosphere.
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Amenities as a Draw
- Building owners are adding amenities like gyms and common spaces to attract tenants.
- This is a new trend in San Francisco, driven by increased vacancy rates.
Retail Shift
- The pandemic accelerated the decline of large format retail, like department stores.
- Macy's closing its flagship store exemplifies this trend, shifting focus towards smaller luxury stores.
Macy's Men's Store Conversion
- The former Macy's Men's Store was converted into a mixed-use space before the pandemic.
- It now includes a restaurant, meeting spaces, and potentially a sporting venue.