San Francisco's 'retail exodus' has spurred criticism focused on crime and homelessness—but a more complicated set of forces is driving companies away, experts say.
"It's all of the above," Wade Rose, the president of business advocacy group Advance SF, told ABC News. "These dynamics are bigger than the city."The office of San Francisco Mayor London Breed did not immediately respond to ABC News' request for comment.that San Francisco faces difficulties but she also faulted a disproportionate focus on exits from the city.
"As a result, we have taken the difficult decision to close our Market Street store when the lease expires, and we are already working to identify new locations in downtown San Francisco that will better serve the needs of the business and our customers," the statement added. Compared to pre-pandemic performance in 2019, homicides are up 27% over the same period through Sunday; but robberies are down almost 6%, the data showed.
The steep decline of foot traffic downtown during the pandemic heightened a perception of safety risk, which in turn deterred the flow of visitors needed to ease the dismay, said Rose, of Advance SF. That dynamic has persisted amid the sluggish return of in-person office workers, especially in the tech sector, he added.Despite high-profile retail departures, the performance of in-person sales has shown signs of improvement this year, Ted Egan, San Francisco's chief economist, told ABC News.
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