San Francisco's downtown restaurant scene is showing signs of recovery amid the broader challenges of the post-pandemic landscape, with an office vacancy rate hitting an all-time high of over 35%. The San Francisco Chronicle's analysis of sales tax data reveals a mixed picture: total revenue for restaurants is down, costs are up, and there are fewer restaurants in the city. However, nearly two dozen restaurants opened between 2022 and 2023, with new establishments like luxury brands, such as Bulgari, and tech companies like Rippling, filling vacant spaces. This resurgence is attributed to the collaborative efforts between the city and the San Francisco Downtown Community Benefit District (CBD), which have helped reinvigorate the neighborhood. Despite the uncertain economic positions described by restaurant owners and experts, there's a growing desire to be downtown, suggesting a potential renaissance for San Francisco's dining and social scene.
How are San Francisco restaurants really doing? More than a dozen restaurant owners and experts described their own uncertain economic positions in the city. Here’s what sales revenue says: https://t.co/pjbdnHBQ0D
How are San Francisco restaurants really doing? Here’s what a Chronicle analysis of sales tax data shows: https://t.co/QsKBTXsBqI
What doom loop? Downtown San Francisco showing signs of economic rebound, experts say https://t.co/eqxqMZ2i7R https://t.co/Y3gUVA3m8b
Here's how the total number of restaurants in San Francisco has changed, according to tax data https://t.co/RXKBsIs2Ko
San Francisco restaurant owners and experts have described uncertain economic positions. But those circumstances varied by neighborhood, the tax data and interviews showed, with downtown restaurants suffering more than those in outlying neighborhoods. https://t.co/wss4I6nkHy
More signs of our city coming back: Nearly two dozen restaurants have opened in Downtown SF between 2022 & 2023. Luxury brands like Bulgari are filling vacant spaces. Tech companies like Rippling are growing, hiring & signing leases Downtown. Let’s keep building back SF! https://t.co/OFqrM6Cj4Z
Downtown San Francisco in 2024 is not what it was prior to the pandemic. https://t.co/EdLB6isLcd https://t.co/EdLB6isLcd
Check the data & report! Downtown San Francisco is experiencing a renaissance as the pulse of social life beats stronger. New restaurants are springing up, outpacing closures, signaling a promising era for dining & socializing. #DowntownSF #SanFrancisco https://t.co/lBc0oj71RA https://t.co/lft7kXlXUO
New downtown restaurant, bar & cafe openings are outpacing closures, a sign that the City’s collaborative work with the @sf_downtown CBD is reinvigorating neighborhood. Desire to be downtown is growing and we love to see it! https://t.co/utQhYl8pkI @calexbearera @SFBusinessTimes
SF restaurants say it's been a brutal year. We looked at the data and found how much revenue has dropped, and how there are simply fewer restaurants overall in the city https://t.co/Uu6XBlub5r
How are San Francisco restaurants really doing? Total revenue is down while costs are up — and there are simply fewer restaurants left in the city, according to a Chronicle analysis of sales tax data. Here’s a breakdown: https://t.co/efNJ6RkjOI
Downtown San Francisco in 2024 is not what it was prior to the pandemic - shuttered storefronts, empty streets, and an office vacancy rate hitting an all-time high of over 35%. But in the midst of all that are signs things may finally have bottomed out. https://t.co/wW9BlO5yBs https://t.co/YDFjz1PTIJ
"Urban Doom Loop" Of Vacant Offices: How Far Will It Go? #CMBS https://t.co/aR9uDjdjWn
"Urban Doom Loop" Of Vacant Offices: How Far Will It Go? https://t.co/TyjL81H3tq
San Francisco's downtown restaurant scene is healing better than you might have expected, new report finds. https://t.co/990i06j7a8