Just a quick question for anyone who may know commercial retail better than I do...is it a given that when a space like this opens up, another major retailer will rush in to fill it?
That seems based on an assumption that Borders, Target, Adidas, etc. are all looking to expand into prime areas, and the only thing stopping them is lack of vacancies. I can think of a bunch of reasons why this may not be true - what about the economy? what about the risk created by high rents? what about the fact that many of these chains are struggling and probably aren't in "expansion mode"?
We also have to remember this (perhaps obvious) point: everyone on this thread seems to want someone to take this spot so Union Square and SF retail stays strong, but no retailer will move in for that reason - they care about their own bottom line, not the well-being of SF's retail district.
Last edited by rs913; Mar 1, 2009 at 5:42 PM.
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