SAN FRANCISCO—Demand for San Francisco retailspace is as strong as ever in the third quarter, withoverall vacancy at 2.2%, down a minimal 20 bpsquarter-to-quarter and identical to the vacancy rate at end of 3Q2013. Prime retail space continues to be taken off the marketfaster than it can be made available. This according to theMarketbeat Retail Snapshot report from Cushman& Wakefield.
TargetExpress picked up a significant retailblock currently occupied by Wells Fargo at 225 Bush Street in theFinancial District. Designed with office workersand commuters in mind, the 18,000 square foot small-format Targetstore, due to open in Spring 2015. A proposal for a secondTargetExpress has been submitted for the vacant space at1830 Ocean Avenue in the OuterRichmond with hopes of opening by year end 2015.
Specialty coffee chains are expanding their loctations, too.Blue Bottle Coffee will be opening its fifth citylocation at 115 Sansome Street in the heart of the FinancialDistrict. Two blocks away, Philz Coffee will openits seventh location.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
