Retailers say "the bureaucracy is unprecedented" with someponying-up $500,000 just to open.
SAN FRANCISCO—Property owners and retailers are struggling withthe conundrum of creating or continuing successful street-levelretail in San Francisco. It's emblematic of other BayArea retail environments and other US cities as well.
"In our work advising both landlords and commercial tenants, wesee the issues they face in bringing stores to opening day,"Santino DeRose, managing broker/partner, Maven Retail, tellsGlobeSt.com in this exclusive. "It costs too muchand takes too long before selling one item or serving onemeal."
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
