October 27, 2016
The popularity of Union Square, San Francisco’s premier retail district, is spilling over into surrounding neighborhoods. Researchers at JLL are tracking a number of retailers exploring space options outside traditional boundaries.
The success of the area and influx of luxury retailers, which has driven space availabilities to an all-time low and rents skyrocketing, is pushing some retailers into new neighborhoods, even including those on the edge of the Tenderloin and beyond. Among the emerging retail submarkets in the City are Union Square West (AKA Tenderloin East or Taylor Street Shopping Corridor).
The trend is for more businesses to locate there in part because the neighborhood offers Millennials the vitality, character and diversity they seek. It scores high on walkability, and is close to public transit, the burgeoning mid-Market tech corridor, downtown and, of course, Union Square.
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