San Francisco
fromsfist.com
2 days agoFormer Saks Store on Union Square Might Become a Nordstrom
Union Square in San Francisco may see a retail revival with interest from major brands like Nordstrom and Bloomingdale's for new locations.
The growth in online retail has fallen back and flatlined at between 26% and 28% of overall retail sales since a peak of 35% in mid-2020. Retail has outperformed all other types of commercial property this year, with 9.2% returns on investments in the year to September, Knight Frank said. This is ahead of industrial properties, at 9.1% and offices at 3.2%.