"I think rents are stabilizing and landlords need to realize that," says Peskin. He adds that landlords need to shift their rents in accordance with the changing economy. It has led to a number of ground-floor retail vacancies in this city and other cities." That economy has put people to work and it has also displaced other people from work. "People with means have stuff delivered to their doors.
"We are all experiencing nationally and internationally the impacts of the society of convenience," Peskin says. Supervisor Aaron Peskin says commercial vacancies are a problem everywhere as people turn toward delivery services and online shopping for everything from coffee to groceries to a new pair of shoes. "And the people who get off at the Powell Street BART station.and the homeless issue." "Now it's a hassle to get into the center of the city with the changes in streets, the reductions in lanes," he says. The city's issue with people living on the streets and traffic have contributed to this decline, he says. Handlrey believes one contributing factor might be a reduction in Bay Area residents living outside San Francisco who used to come into the city for a show, to eat at a restaurant and to shop.
You look at Sutter, which used to be a vibrant retail area, but what happened there? North Beach.what's going on there? There has to be a variety of things to contributing to this." "It's not happening in just one area," says Handlery. Jon Handlery, who owns several buildings in the area including the space formerly occupied by Bellini, didn't want to comment on the cafe's closure, but he said vacancies are a city-wide problem. "I could get a slice and a drink for $4." The same week Starbucks closed, the Bellini Cafe at 235 Powell stopped serving burgers and pizza. The shutdown comes at a time when several storefronts are empty along the Powell Street corridor, a stretch of the city that 30,000-plus pedestrians walk along every day, according to the Union Square Business Improvement District.īlondies Pizza closed at 63 Powell in spring 2016 and the space remains empty, while the former location of fashion retailer BCBG at 331 Powell has been vacant since winter 2017.
SFGATE also reached out to the leasing agent for 201 Powell, who declined to comment.ĪLSO: North Beach commercial vacancy rate doubles in 3 years Customers in the area will be able to visit our nearby store on Geary & Taylor (4 minute walk from the store at 201 Powell)." Starbucks chose to not comment on the reason for closing and shared in a statement: "This store is special, to our customers and our partners, and we remain committed to continuing serving the community, offering a warm and welcoming environment for people to connect. SFGATE spoke with a handful of regular customers of the former Starbucks location and they all said baristas told them days before the closure the rent was raised. (Note: the Laurel Village location is open 24 hours. This particular Starbucks is an especially big loss for some because of its central location and its 24 -hour service.
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